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For a person to keep his real income steady at a certain level from one year to the next, his nominal income must:
Legitimate Power
A form of authority derived from a position or role that is recognized and accepted by others within an organizational or societal structure.
Expert Power
The influence one has due to their skills, expertise or knowledge, often leading to enhanced credibility and respect from others.
Natural Leader
An individual who instinctively takes charge or influences others without formal authority, often due to inherent personality traits and charisma.
Inborn Talent
Natural skills or abilities that an individual possesses from birth.
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