Refer to the Following Figure When Answering the Following Questions

Multiple Choice

Refer to the following figure when answering the following questions.
Figure 14.3: AS/AD Model

-Consider Figure 14.4. Throughout the first three-fourths or so of 2009 the:

A) real interest rate on 10-year bonds was lower than the nominal interest rate.
B) 10-year-bonds' nominal interest rate was higher than the real interest rate.
C) inflation rate was negative.
D) real interest rate was negative.
E) inflation rate was higher than the nominal interest rate.