Based on the notation presented in Chapter 2, which of the following expressions represents nominal GDP?

If the price level rises but the money wage rate does not, then firms will hire ________ labor and the quantity of real GDP supplied will ________

A) more; increase B) the same amount of; not change C) less; decrease D) more; not change E) less; increase

The above table gives assets and deposits for a (small) bank. The bank's reserves are equal to

A) $20. B) $30. C) $600. D) $630. E) $620.