In Which of the Following Situations Would a Person Be

Multiple Choice

In which of the following situations would a person be best off in real terms?

A) Receiving a 10 percent increase in a nominal wage,with an 8 percent rate of inflation in the economy
B) Receiving a 3 percent increase in a nominal wage,with a 0 percent rate of inflation in the economy
C) Receiving a 4 percent increase in a nominal wage,with a 5 percent rate of inflation in the economy
D) Receiving no increase in a nominal wage,with a 5 percent rate of deflation in the economy
E) Receiving a 2 percent decrease in a nominal wage,with a 6 percent rate of deflation in the economy