Business, 11.03.2020 03:14 milamdaniela

In Year 1, the price level was 120 and the average nominal income was $30,000. In Year 2, the price level was 125 and the average nominal level of income was $32,000. What happened to real income from Year 1 to Year 2

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In Year 1, the price level was 120 and the average nominal income was $30,000. In Year 2, the price...

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