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If a Person's Nominal Income Increases by 2% While the Price

question 94

Multiple Choice

If a person's nominal income increases by 2% while the price level increases by 6%, the person's real income:


Definitions:

Type D Personality

A personality type characterized by high levels of negative affectivity and social inhibition.

Agreeableness

A personality trait characterized by warmth, kindness, and a cooperative attitude.

Health Benefits

The positive effects on physical and/or mental well-being that come from various activities, dietary habits, or healthcare treatments.

Optimism

A mental attitude characterized by hope and confidence in success and a positive future.

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