which statement best describes the state of the economy when president obama took office?\no inflation was…

which statement best describes the state of the economy when president obama took office?\no inflation was out of control, and americans could not afford basic necessities.\no financial institutions were falling, housing prices had fallen, and unemployment was rising.\no employment was increasing, and businesses were making record profits.\no inflation 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?\no inflation was out of control, and americans could not afford basic necessities.\no financial institutions were falling, housing prices had fallen, and unemployment was rising.\no employment was increasing, and businesses were making record profits.\no inflation was rising, interest rates were rising, and housing prices were rising.

Answer

Brief Explanations:

When President Obama took office in 2009, the U.S. was in the midst of the Great Recession. Financial institutions like Lehman Brothers had collapsed, housing prices had plummeted due to the sub - prime mortgage crisis, and unemployment was soaring as businesses cut jobs.

Answer:

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