Economic theory fails to explain the extent to which savings from personal income has shifted to short term bonds, money-market funds, and other near term investments by the instability in the futures market.
1. to which savings from personal income has shifted
2. of savings from personal income that has been shifted
3. of savings from personal income shifting
4. to which savings from personal income have shifted
5. to which savings from personal income have been shifted
I feel the answer must be D instead of E since the purpose of the sentence is served by the present perfect tense and there's no need to use the perfect continuous tense?
Experts please comment.
1. to which savings from personal income has shifted
2. of savings from personal income that has been shifted
3. of savings from personal income shifting
4. to which savings from personal income have shifted
5. to which savings from personal income have been shifted
I feel the answer must be D instead of E since the purpose of the sentence is served by the present perfect tense and there's no need to use the perfect continuous tense?
Experts please comment.

















