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In Year 1, the Price Level Was 120 and the Average

question 215

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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 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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Muscle Movement

The action of muscle fibers contracting and relaxing to produce movement in parts of the body.

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The position in which someone holds their body when standing or sitting, which can impact physical health and perceived confidence.

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Hearing loss is a partial or total inability to hear, which can affect one or both ears and range from mild to profound severity.

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Refers to individuals originating from or citizens of the United States of America.

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