Question: An increase in your nominal income and a decrease in your real income might occur simultaneously if O your nominal income increases more than

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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