chegg if inflation is 15 percent per year and you receive a 11 percent raise in income, then your: a) real and nominal income both fall. b) real and nominal income both rise. c) real income falls, but nominal income rises. d) real income rises, but nominal income falls.

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07-10-2022
Business

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chegg if inflation is 15 percent per year and you receive a 11 percent raise in income, then your: a) real and nominal income both fall. b) real and nominal income both rise. c) real income falls, but nominal income rises. d) real income rises, but nominal income falls.

Sagot :

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chegg if inflation is 15 percent per year and you receive a 11 percent raise in income, then your: a) real and nominal income both fall. b) real and nominal income both rise. c) real income falls, but nominal income rises. d) real income rises, but nominal income falls.

Sagot :

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