Raise this year will not keep up with the increase in prices

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Reference no: EM13819095

Your spouse complains that her 6% raise this year will not keep up with the increase in prices. In other words, she is unable to buy the same basket of goods with her 6% raise. Therefore, she believes that her

a. nominal income decreased, but their real income increased.

b. nominal income and real income increased.

c. nominal income increased, but their real income decreased.

d. nominal income and real income decreased.

Reference no: EM13819095

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