State if the following statements are true or false and explain.

1.The Solow Growth Model is labeled an "Exogenous Growth Model" because of the existence of a steady-state.

2.The Solow Growth Model is the most reliable exogenous growth model because it can explain pretty well the absence of convergence in the standard of living that we observe in the data.

3.In the Endogenous Growth Model, an increase in the human capital efficiency parameter b always yields a higher consumption growth in the long run.

4.The Endogenous Growth model is incapable of explaining the little variation observed among the standards of living in developed countries.

5.The average labor productivity (ALP) is procyclical in the Real Business Cycle Model.

6. The ALP is not procyclical in the Coordination Failure Model.