a. An increase in your nominal income and a decrease in your real income might occur simultaneously if multiple choice 1 your real income increases at the same rate as the cost of living increases. your real income increases more than the cost of living increases. your nominal income increases more than the cost of living increases. your nominal income increases less than the cost of living increases. b. The losers from inflation are those with multiple choice 2 incomes rising as fast as the rate of inflation. significant debt. fixed incomes in nominal terms. no savings.

Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups.b. we cannot infer anything from these data since the distribution of salaries is likely right skewed.c. you cannot draw any valid conclusions because the sample sizes are different.d. more students should complete internships because having an internship produces a higher salary.