If your real income rises but your nominal income falls,then you benefit from deflation.
In this case,the price level is falling faster than your nominal income is,so your real income rises.

Question

Quizplus · Accepted Answer

This is because deflation refers to a decrease in the general price level of goods and services. If the price level is falling faster than your nominal income, then goods and services become relatively cheaper, causing your real income to rise despite a decrease in nominal income.

If Your Real Income Rises but Your Nominal Income Falls,then