QUESTION 31 The fall of actual GDP below the level of potential GDP is a signal that the economy is entering an inflationary period. True False QUESTION 32 A $500 government bond is a money-fixed asset. True False QUESTION 33 Liquidity is the ease with which an asset can be converted into the economy's medium of exchange, True False QUESTION 34 A small increase in productivity growth can have a huge impact on a country's standard of living. True False QUESTION 35 A recessionary gap exists when aggregate demand is above the full employment level of output. True False