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Business, 28.04.2021 23:20 theojw

An associate professor of economics gets a $200 a month raise (big whoop!). She figures that with her new monthly salary she can buy more goods and services than she could buy last year. a. Her real salary has risen and her nominal salary has fallen. b. Her real salary has fallen and her nominal salary has risen. c. Her real and nominal salaries have fallen. d. Her real and nominal salaries have risen. 10 points

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