which statement best describes the state of the economy when president obama took office?\ninflation was out…

which statement best describes the state of the economy when president obama took office?\ninflation was out of control, and americans could not afford basic necessities.\nfinancial institutions were failing, housing prices had fallen, and unemployment was rising.\nemployment was increasing, and businesses were making record profits.\ninflation was rising, interest rates were rising, and housing prices were rising.

which statement best describes the state of the economy when president obama took office?\ninflation was out of control, and americans could not afford basic necessities.\nfinancial institutions were failing, housing prices had fallen, and unemployment was rising.\nemployment was increasing, and businesses were making record profits.\ninflation was rising, interest rates were rising, and housing prices were rising.

Answer

Answer:

B. Financial institutions were failing, housing prices had fallen, and unemployment was rising.

Brief Explanations:

When Obama took office in 2009, the U.S. was in the midst of the Great Recession. Financial institutions faced collapse, housing prices plummeted, and unemployment soared.