An Assistant Manager at a Restaurant Gets a $100 a Month

question 29

Multiple Choice

An assistant manager at a restaurant gets a $100 a month raise.He figures that with his new monthly salary he cannot buy as many goods and services as he could buy last year.

• A)His real and nominal salary have risen.
• B)His real and nominal salary have fallen.
• C)His real salary has risen and his nominal salary has fallen.
• D)His real salary has fallen and his nominal salary has risen.

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