Which of the following is false?
A)According to Minsky, in an extended recovery, the seeds of an eventual downturn are planted.
B)A long term cycle of boom and bust is an inherent part of a capitalist economy.
C)As spending units move from hedge to speculative to Ponzi units, their debt-income ratios rise.
D)Minsky's financial instability hypothesis attempts to explain the short-term year to year gyrations in the economy.

Question

Quizplus · Accepted Answer

Minsky's financial instability hypothesis focuses on the long-term boom and bust cycles of the economy, rather than short-term year to year gyrations.

Which of the Following Is False