Which of the following statements is true? O 1 During the Great Recession of 2008-2009, the downturn created a large negative output gap and a raging inflation O 2 During the Great Recession of 2008 2009, the downturn created a large positive output gap and kept inflation below 2% 03. During the Great Recession of 2008 2009, the downturn created a large positive output gap and a raging inflation 04 Dunng the Great Recession of 2008-2009, the downturn created a large negative output gap and a painfully slow recovery Os During the Great Recession of 2008-2009, the downturn created a large negative output gap, rising unemployment rates, and a raging inflation