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real income?

A decline in real income
a)can occur only if there is a decline in nominal income.
b)can occur only if there is an increase in the price level.
c)can occur only if there is either a decline in nominal income or an increase in the price.
d)is caused by inflation.

2007-03-01 20:02:38 · 1 answers · asked by Anonymous in Business & Finance ➔ Investing

1 answers

All are true.

2007-03-02 03:10:06 · answer #1 · answered by Mathew C 5 · 0⤊ 0⤋

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