Nominal GDP includes the current value of services produced in the economy

It is profitable to hire more labor if the price level ________ and the money wage rate ________

A) rises; falls B) rises; rises by the same percentage C) falls; does not change D) falls; rises E) does not change; rises

To counter the recession of 2008-2009 President Obama and congress created a large increase in government expenditures

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