For poor and nonpoor elderly, social security receipts exceeds the sum of interest, dividends, pensions, and earnings

One explanation for the status quo bias is an aversion to loss

a. True b. False Indicate whether the statement is true or false

Refer to the table. If the legal reserve ratio falls from 25 percent to 10 percent, excess reserves of this single bank will:

A.  rise by $6,000 and the monetary multiplier will increase from 4 to 10.
B.  rise by $60,000 and the monetary multiplier will increase from 4 to 10.
C.  fall by $6,000 and the monetary multiplier will decline from 30 to 10.
D.  fall by $2,000 and the monetary multiplier will decline from 10 to 4.