Econ202 pleaseeee help

3. TRUE / FALSE (1) Whenever the cash ows from equity vary across states, the equity commands pre mium relative to the risk free bonds (Does equity always have a positive excess return?). (2) The cashinadvance model implies that the rate of ination is always equal to the rate of money growth minus the rate of consumption growth. (3) In the BaumolTobin model, the elasticity of (real) money demand with respect to consumption is 0.5. ECON 202 PROBLEM SET 6 (SUBJECT TO CHANGE) 3 (4) In the BaumolTobin model, suppose that the price level does not adjust but the nominal interest does to clear the market. TFU? When the level of money supply increases, the interest rate has to decline, holding all else constant