Exhibit 15-2 Balance Sheet of Springfield National Bank
Assets
Liabilities
Total reserves$500
Demand deposits$1,000
Loans$500
  In Exhibit 15-2, if Springfield National's customers write checks for $200 and the required reserve ratio is 20 percent, then its required reserves fall to:

A rising price level decreases consumption by decreasing the real value of household wealth

Indicate whether the statement is true or false

Many argue the poor are getting poorer, at least in a relative sense. Evidence that contradicts this is that

A) household income of the lowest twenty percent of households relative to the highest twenty percent of households has fallen over the last thirty years. B) the official poverty level of income has increased over the years. C) household spending of the lowest twenty percent of households relative to the highest twenty percent of households has held constant over the last thirty years. D) the pretax distribution of income is more equal than the after-tax distribution of income.