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 over -6 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

Question

Quizplus · Accepted Answer

The first clause describes a period of significant job loss, while the second clause describes a bottoming out of short-run output. These events occurred in this order, making choice B the correct answer. The other options either describe unrelated events or events that did not occur in this timeframe.

In the Middle of 2009 __________;By February 2010 __________

In the Middle of 2009 ;By February 2010