John Reyes
05/04/2023 · High School
An associate professor of physics gets a \( \$ 200 \) a month raise. With her new monthly salary she can buy more goods and services than she could buy last year. Her real and nominal salary have risen. Her real and nominal salary have fallen. Her real salary has risen and her nominal salary has fallen. Hery halary fallen and her nominal salary has risen.
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The associate professor received a $200 raise, her real salary has increased, and her nominal salary has decreased.
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