Are the following statements true or false? Explain.

a. Higher velocity of money helps reduce inflationary pressure.

b. Structural unemployment occurs when people are in between changing jobs.

c. The natural rate of unemployment is the same as voluntary unemployment.

d. Current inflation affects inflationary expectations but the converse is not true.

e. Inflation redistributes income in favour of borrowers and against creditors.

f. Anticipated inflation has no cost to the economy.

g. If the government wants to maintain unemployment below the nature rate, inflation will keep rising.

h. Unemployment can be reduced to some extent by making the labour market more flexible.

i. The natural rate of unemployment cannot be reduced by expanding aggregate demand.

j. Productivity improvement will shift the long run vertical Phillips Curve to the left.