Which of These Statements Is NOT Correct

Multiple Choice

Which of these statements is NOT correct?

A) If your nominal wages rise at a rate higher than the inflation rate,you have received a "real" pay raise.
B) If your nominal wages rise at exactly the rate of inflation,your purchasing power over time remains constant.
C) If your nominal wages rise at 4% while inflation rises at 5%,you have essentially received a "pay cut."
D) If deflation occurs,you will receive a "real" pay raise regardless of what happens to your nominal wage.