True or false. Briefly explain,

1. The Bank of Canada controls the money supply precisely
2. An increase in money supply can influence economic growth in the long run
3. Suppose the economy is in long-run equilibrium. If there is a sharp decline in the stock market combined with a significant increase in immigration of skilled workers, In the short run, the price level will fall, and real GDP might rise, fall, or stay the same. In the long-run, real GDP and the price level will be unaffected.
4. Suppose the Canadian economy is in long-run equilibrium. Then suppose the value of the Canadian dollar increases, we expect price and real GDP bothincrease.