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An Assistant Manager at a Restaurant Gets a $100 a Month

Question 29

Multiple Choice

An assistant manager at a restaurant gets a $100 a month raise.He figures that with his new monthly salary he cannot buy as many goods and services as he could buy last year.


A) His real and nominal salary have risen.
B) His real and nominal salary have fallen.
C) His real salary has risen and his nominal salary has fallen.
D) His real salary has fallen and his nominal salary has risen.

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