A “Minsky moment” refers to

a. The moment when debt turns from contributing to a collapse of asset prices in the economy to sustaining optimistic growth in the economy.

b. The moment when government decides to intervene in the economy by stimulating inflation.

c. The moment when government decides to intervene in the economy by lowering interest rates.

d. The moment when debt turns from contributing to sustaining optimistic growth in the economy to contributing to a collapse of asset prices in the economy.