For a person to keep his real income steady at a certain level from one year to the next, his nominal income must Multiple Choice
1. rise if the price index falls.
2. stay the same as the price index rises.
3. fall if the price index rises.
4. rise as fast as the price index.
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Home » Business » For a person to keep his real income steady at a certain level from one year to the next, his nominal income must Multiple Choice 1. rise if the price index falls. 2. stay the same as the price index rises. 3. fall if the price index rises. 4.