An increase in your nominal income and a decrease in your real income might occur simultaneously...

 

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An increase in your nominal income and a decrease in your real income might occur simultaneously if O your nominal income increases more than the cost of living increases. your real income increases more than the cost of living increases. O your real income increases at the same rate as the cost of living increases. your nominal income increases less than the cost of living increases. An increase in your nominal income and a decrease in your real income might occur simultaneously if O your nominal income increases more than the cost of living increases. your real income increases more than the cost of living increases. O your real income increases at the same rate as the cost of living increases. your nominal income increases less than the cost of living increases.

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