The Phillips curve appeared to fit the data well for the United States in the

An example of a nominal variable is ________

A) income measured at current market prices B) expenditures in terms of the quantities of actual goods C) the chain weighted measure of GDP D) all of the above E) none of the above

If nominal GDP is $12,000 and the GDP deflator is 80, then real GDP is $15,000

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