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Business, 09.10.2019 19:00 quickestlearner5694

Aperson's real income will increase by 3% if her nominal income increases by select one:

a. 5% while the price index falls by 2%.

b. 5% while the price index rises by 2%.

c. 2% while the price index rises by 5%.

d. 2% while the price index falls by 5%.

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Answers: 3

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Aperson's real income will increase by 3% if her nominal income increases by select one:

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