Multiple Choice
An associate professor of physics gets a $200 a month raise. With her new monthly salary she can buy more goods and services than she could buy last year.
A) Her real and nominal salary have risen.
B) Her real and nominal salary have fallen.
C) Her real salary has risen and her nominal salary has fallen.
D) Her real salary has fallen and her nominal salary has risen.
Correct Answer:
Verified
Correct Answer:
Verified
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