Suppose that a familys income grew from $38,000 to $38,100 over the period 2009 to 2010, which

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Suppose that a family’s income grew from $38,000 to $38,100 over the period 2009 to 2010, which saw an inflation rate of 2 percent. We can conclude that this family experienced:

An increase in both nominal and real income.

A decrease in nominal income but an increase in real income.

An increase in nominal income but no change in real income.

A decrease in real income but an increase

Related Book For answer-question

Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Posted Date: Jan 08, 2024 03:04 AM

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Suppose that a familys income grew from $38,000 to $38,100 over the period 2009 to 2010, which

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Macroeconomics

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