Question 4. (2 pts each) For each statement below, answer whether the statement is true, false, or uncertain for the U.S economy. Briey explain your answer. (1) A fall in the prime mortgage rate occurred just before the GDP fell in every recession after 1970. (2) Not all types of investments move in the same direction as real GDP. (3) Over a long term, say, from 1982 to 2006, growth in the residential property price outpaced growth in real GDP. (4) Percentage changes in the unemployment rate and real GDP are similar. (5) In the Great Recession, the U.S. Treasury and the FED bought only asset backed and mortgaged backed securities. (6) TARP is a program that allowed the U.S. Treasury to sell its bonds to the Federal Reserve system at articially high prices. (7) In quantitative easing, the FED's primary objective is to lower the FED funds rate. (8) Buying in the Federal Funds market means that a depository institution uses re- serves to buy Treasury securities. (9) Fed Funds are reserves that the Federal Reserve makes available at the discount window. (10) The reserve requirement in the U.S. allows a U.S. bank to have the reserve ratio below the required ratio on some days. (11) To borrow and lend in the Fed funds market, a bank puts up collateral