T/F
1. The creation of new bank reserves could lead to a multiple increase in the money supply.
2. Contractionary monetary policy shifts the reserve supply schedule inward.
3. When a government intentionally lowers the value of its currency, that is called depreciation.
4. The Big Mac index uses prices of a common item to predict long-run changes in exchange rates.
5. The currency of the European Union, the euro, was established as part of the Bretton Woods agreements.