Label each of the following statements true, false, or uncertain. Explain briefly.

a. Output growth was negative in both advanced as well as emerging and developing countries in 2009.

b. World output growth recovered to its prerecession level after 2009.

c. Stock prices around the world fell between 2007 and 2010 and then recovered to their prerecession level.

d. The rate of unemployment in the United Kingdom is much lower than in much of the rest of Europe.

e. China’s seemingly high growth rate is a myth; it is a product solely of misleading official statistics.

f. The high rate of unemployment in Europe started when a group of major European countries adopted a common currency.

g. The Federal Reserve lowers interest rates when it wants to avoid recession and raises interest rates when it wants to slow the rate of growth in the economy h. Output per person is different in the Euro area, the United States, and China.
i. Interest rates in the United States were at or near zero from 2009 to 2015.