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26. If your income increased from $23,000 to $26,000 during a period when the rate of inflation was 4 percent, your real income after the

26. If your income increased from $23,000 to $26,000 during a period when the rate of inflation was 4 percent, your real income after the raise was

a.

$23,000.

b.

$24,000.

c.

$25,000.

d.

$26,000.

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