Indicate whether each of the following statements is True or False 2.1 In the definition of GDP, "market value" refers to not counting intermediate products. 2.2 Potential GDP fluctuates around real GDP. 2.3 The bias in the CPI typically overstates inflation. 2.4 The curvature of the production function shows that as employment increases, the productivity of labor remains positive but decreases. 2.5 An increase in labor productivity relates to producing the same output with more labor hours. 2.6 Suppose the current real interest rate is 4 percent and the equilibrium real interest rate is 3 percent. Then there is a surplus of loanable funds. 2.7 The idea that a government budget deficit decreases investment is called the Ricardo-Barro effect. 2.8 As a unit of account, money is used to state prices of all goods and services. 2.9 When the nominal interest rate rises, the quantity of money demanded decreases because the price level also rises and people decrease their demand for money. 2.10 If the exchange rate falls from 120 yen per dollar to 100 yen per dollar, the dollar has depreciated and the yen has appreciated.