lexint3338 lexint3338
  • 10-03-2024
  • Business
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If deflation is 0.5 percent per year and you receive a 1 percent decrease in your salary, then your
a. Real and nominal income both rise.
b. Real income remains unchanged, but your nominal income rises.
c. Real and nominal income both fall.
d. Real income falls, but your nominal income remains unchanged.

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