Answer the following questions with TRUE, FALSE or UNCERTAIN and Justify your answer. 1. If banks hold a larger fraction of deposits as reserves and the monetary base remains constant, the equilibrium effect will be a fall in GDP and an increase interest rates. 2. The income tax cuts announced by the Prime Minister of Canada during the 2015 election campaign should lead to an increase in national savings and investments 3. A decline in consumer confidence (modeled as a decline in constant CO in the linear consumption function) decreases the equilibrium GDP and the investments in balance. 4. In equilibrium, an increase in the money supply leads to a fall in the price of obligations