Rent seeking reduces our economy's overall efficiency by
a. getting government to adopt legislation that actually reduces production
b. disseminating market information
c. lowering taxes
d. getting voters more interested in politics
e. reducing equity
A
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Which of the following is not true about excess reserves?
A. They change when the reserve requirement changes. B. They are equal to the required reserve ratio times transactions deposits. C. They are bank reserves beyond what the bank is required to hold. D. They represent the dollars an individual bank can lend.
The simple deposit multiplier is the ratio of the amount of
A) new reserves created by the banks to the amount of loans. B) loans issued by the banks to deposits created by the banks. C) new reserves created by the banks to the amount of deposits. D) deposits created by the banks to the amount of new reserves.