8. Jimmers nominal income will go up by 10 percent next year. Inflation is expected to be...
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8. Jimmer’s nominal income will go up by 10 percent next year.
Inflation is expected to be −2 percent next year. By approximately how much will Jimmer’s real income change next year? LO29.3
a. −2 percent.
c. 10 percent.
b. 8 percent.
d. 12 percent.
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