When Michelle graduated from college, she got a job with a starting salary of $40,000. When Michelle's sister Olivia graduated four years later, her starting salary was $43,000. Olivia likes to tease Michelle about earning more than Michelle did right out of college. Michelle claims that she actually had the higher salary in real dollars. The Consumer Price Index rose 15 percent during the four years separating the sisters' graduations.

Question 19 options: A)Michelle earned the higher salary B)Olivia earned the higher salary worhf C)Their salaries were the same D)None of the above

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