True or False:

1- The Taylor Rule replaced the Mankiw rule.

2- A benefit of Federal Reserve monetary policies as opposed to fiscal policies is that monetary policies do not have an information lag.

3- Inflation is remarkably low compared to history.

4- The US central bank is different from almost every other central bank in the world in that it has a single mandate.

5- In response to the current pandemic, the Federal reserve lifted interest rates to attract capital into the banking system.