Indicate whether each statement is true or false (1 point) and briefly explain your answer(3 points). Your explanation could include changing a false statement to make it true, referring to the definition of a term, or using data from FRED. 16. According to the Taylor Rule, the Fed should raise the nominal interest rate if inflation is above target and/or the output gap is positive.17. If an economy experiences both above-target inflation and a negative output gap, the Taylor rule says the interest rate should be lowered.18. According to the expectations hypothesis of interest rates, short-term interest rates should equal the average of current and expected long-term rates, plus a term premium.19. An inverted yield curve is often seen as a signal of a recession in the near future.20. The Feds target inflation rate refers to the rate measured by the core consumer price Index (CPI), which excludes food and energy prices.