When the Nominal Price of a Good Increases Over Time,the

question 193

Multiple Choice

When the nominal price of a good increases over time,the real cost of buying the good

• A)must increase.
• B)decreases because income also increases over time.
• C)does not change because income also increases over time.
• D)might increase,decrease,or stay the same depending on how much the CPI changed.
• E)might increase,decrease,or stay the same depending on how much income changed.

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