Suppose You Received a 4 Percent Increase in Your Nominal

Multiple Choice

Suppose you received a 4 percent increase in your nominal wage.Over the year,inflation runs about 7 percent.Which of the following is true?

A) Your real wage increased.
B) Both the nominal and real wages increased.
C) Both your nominal and real wages decreased.
D) Although your nominal wage fell,your real wage increased.
E) Although your nominal wage rose,your real wage decreased.