vimfer3810 vimfer3810
  • 06-04-2019
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Norma receives an increase in her nominal income. she complains that the current inflation rate of six percent erodes the real purchasing power of her additional nominal income. this is true

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MrDay
MrDay MrDay
  • 06-04-2019

Only if the increase in her nominal income is less than six percent. Raises should be equal to or greater then the rate of inflation

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