Business, 11.12.2019 01:31 presleyann1902

Suppose that a person's nominal income rises by 5 percent and the price level rises from 125 to 130. the person's real income will
a) rise by about 4 percent.
b) rise by about 1 percent.
c) remain constant.
d) fall by about 1 percent.

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Suppose that a person's nominal income rises by 5 percent and the price level rises from 125 to 130....