Answer a\" the questions. Indicate whether the following statements are TRUE or FALSE. 1- The Breton Woods exchange rate mechanism can be thought of as a gold exchange standard. 2- When in a liquidity trap, it is difficult for a country to affect the exchange rate using monetary policy. 3- The classical dichotomy refers to a case where money demand and money supply should be analyzed separately. 4- Under the assumption of super neutrality of money, fully anticipated inflation has no welfare cost. 5- In the theory of optimum currency areas, the monetary efficiency gain refers to the adyantage that indiyidual member countries of a monetary union can no longer engage in competitive devaluations. 6- In an open economy a reduction in the government deficit should be accompanied with an improvement of current account. ?- Even an economy with limited financial participation, monetary policy may influence the real economy. 3- ln Lucas' misperception model, unanticipated monetary policy shocks have real effects due to asymmetrical information. 9- More frequent switching from bonds to money will result in a higher opportunity cost of holding money and lower money management costs. 1|]- If people think that interest rates are above normal levels, they will want to hold bonds in anticipation of a rise in bond prices