If real income increases,then nominal income
A) increases.
B) increases if the price index falls.
C) rises faster than prices.
D) remains constant but the majority of goods in the consumer price index (CPI)get cheaper.
E) decreases.

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The Answer of If real income increases,then nominal income
A) increases.
B) increases if the price index falls.
C) rises faster than prices.
D) remains constant but the majority of goods in the consumer price index (CPI)get cheaper.
E) decreases.

If Real Income Increases,then Nominal Income