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Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 14
Dimmer's nominal income will go up by 10 percent next year. Inflation is expected to be -2 percent next year. By approximately how much will Jimmer's real income change next year?
A) -2 percent.
B) 8 percent.
C) 10 percent.
D) 12 percent.
A) -2 percent.
B) 8 percent.
C) 10 percent.
D) 12 percent.
Explanation
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Real income as defined as the increase i...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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