Jerry signed a 10 year contract to play professional hockey. The contract will pay him $100,000 in the first year and increase 5% each year thereafter for its life. If the rate of inflation is 6% per year during this 10 year period, then Jerry's Group of answer choices real income has risen along with his nominal income nominal income has risen because his real income rose real income has remained stable in spite of his nominal income rising real income has fallen in spite of his nominal income rising