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Last year John's nominal income rose by 6.5 percent and the price level rose by 4.5 percent. We can conclude that John's real income: Group

Last year John's nominal income rose by 6.5 percent and the price level rose by 4.5 percent. We can conclude that John's real income: Group of answer choices rose by 2 percent. rose by 11 percent. fell by 11 percent. may have either increased or decreased

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