Multiple Choice
Recall the Application about the impact inflation has on your potential future salary and the repayment of student loans to answer the following question(s) .
-According to this Application, if you earn a salary of $80,000 in the first year and all prices decrease by half in the next 5 years, what will your nominal annual salary be in 5 years?
A) $8,000
B) $10,000
C) $20,000
D) $40,000
Correct Answer:
Verified
Correct Answer:
Verified
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