Nondepository institutions:

In the long run, an increase in the quantity of money, other things remaining the same,

A) decreases the price level. B) increases real GDP. C) increases the price level. D) decreases real GDP. E) has no effect on the price level or real GDP.

If rent seeking was, on average, a losing proposition, _____

a. rent seekers would exit rent seeking until losses from rent seeking equaled zero b. rent seeking would stop because it was no longer profitable c. rent seekers would increase competition for scarce benefits d. rent seeker would exit rent seeking until there is a normal rate of return to rent seeking