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If you get an 8 percent increase in your nominal income, your real income _______ Group of answer choices A) definitely increases. B) increases only
If you get an 8 percent increase in your nominal income, your real income _______ Group of answer choices A) definitely increases. B) increases only if the inflation rate is more than 8 percent. C) increases only if the inflation rate is equal to 8 percent. D) increases only if the inflation rate is less than 8 percent
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