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Your nominal wage increases by 10%, and the overall price level increases by 12%. If you feel richer, you are experiencing Question 48 options: a)

Your nominal wage increases by 10%, and the overall price level increases by 12%. If you feel richer, you are experiencing Question 48 options: a) money illusion. b) price confusion. c) wealth redistribution. d) deflation. e) the substitution effect

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