The behavior of the M1 velocity of money in recent years can be explained by:
a. stability of interest rates
b. a low and stable rate of inflation.
c. monetary policy that has been successful in stabilizing the economy.
d. financial innovation creating new substitutes for M1 money.
e. a large number of banks and savings and loan associations going bankrupt.
d
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Use the following saving schedule to answer the next question. 
The break-even income would be level
A. 0. B. 1. C. 2. D. 3.
If the Herfindahl-Hirschman Index in the market for single-use cameras equals 10,000 , then the single-use camera industry is best characterized as
A) a monopoly. B) monopolistic competition. C) an oligopoly. D) perfect competition. E) either a monopoly or monopolistic competition.
A sudden decrease in consumers' wealth-resulting, for example, from a stock market crash-would initially cause a(n)
a. downward movement along the consumption function. b. downward shift of the consumption function. c. upward movement along the consumption function. d. upward shift of the consumption function.
The slope of a graph of the consumption function equals the marginal propensity to consume.
Answer the following statement true (T) or false (F)