Use the Following Figure to Answer the Questions : Figure

question 85

Multiple Choice

Use the following figure to answer the questions : Figure 7.3 :
-During the time period represented in Figure 7.3,the purchasing power of the average worker

• A)Increased because nominal wages increased.
• B)Decreased because real income decreased.
• C)Stay the same because COLAs probably kept purchasing power approximately constant.
• D)Decreased because nominal income decreased.

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