10. If households in the economy decide to take money out of checking accounts and put money into savings accounts this will (A) not change M1 and increase M2. (B) decrease M1 and decrease M2. (C) not change M1 and not change M2. (D) decrease M1 and increase M2. (E) decrease M1 and not change M2.

10. If households in the economy decide to take money out of checking accounts and put money into savings accounts this will
(A) not change M1 and increase M2.
(B) decrease M1 and decrease M2.
(C) not change M1 and not change M2.
(D) decrease M1 and increase M2.
(E) decrease M1 and not change M2.

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6. Which of the following statements is correct? (A) If duopolists successfully collude, then their combined output will be equal to the output that would be observed if the market were a monopoly. (B) Although the logic of self-interest decreases a duopoly's price below the monopoly price, it does not push the duopolists to reach the competitive price. (C) Although the logic of self-interest increases a duopoly's level of output above the monopoly level, it does not push the duopolists to reach the competitive level. (D) All of the above are correct. (E) All of the above are incorrect.

10. If households in the economy decide to take money out of checking accounts and put money into savings accounts this will
(A) not change M1 and increase M2.
(B) decrease M1 and decrease M2.
(C) not change M1 and not change M2.
(D) decrease M1 and increase M2.
(E) decrease M1 and not change M2.

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