If the CPI Increases and the Nominal Income Remains the Same

question 113

Multiple Choice

If the CPI increases and the nominal income remains the same:

• A) the nominal income increases.
• B) the real income increases.
• C) the real income falls.
• D) the real income remains the same.
• E) we cannot say whether any of these apply.

---

Definitions:

Conflict of Interest

A situation in which an individual's personal interests could potentially interfere with their professional duties or responsibilities.

Safe Working Conditions

Work environments that possess adequate safety measures to prevent accidents and reduce the risk of injury or harm to employees.

Duty of Loyalty

An obligation of fiduciaries to act in the best interest of the beneficiary or entity they serve, avoiding conflicts of interest.

Specific Performance

An order of the court requiring that a nonbreaching party fulfill the terms of the contract.