In the Middle of 2009, ________; by February 2010, ________

Multiple Choice

In the middle of 2009, ________; by February 2010, ________.

A) over 8 million jobs were lost; short-run output bottomed out at over -6 percent
B) short-run output bottomed out at below -7 percent; over 8 million jobs were lost
C) inflation was 5 percent; the unemployment rate was 12 percent
D) the federal funds rate was 5 percent; it had fallen to 1 percent
E) unemployment fell to 8 percent; home sales were rising steadily