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Business, 18.11.2020 17:10 josephvcarter

Jennifer receives an increase in her nominal income. She complains that the current inflation rate of five percent erodes the real purchasing power of her additional nominal income. This is false:.a. if her wealth decreasesb. since inflation always reduces purchasing powerc. if the increase in her nominal income is more than five percentd. if the increase in her nominal income is less than five percent

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