a. An increase in your nominal income and a decrease in your real income might occur simultaneously if multiple choice 1 your real income increases at the same rate as the cost of living increases. your real income increases more than the cost of living increases. your nominal income increases more than the cost of living increases. your nominal income increases less than the cost of living increases. b. The losers from inflation are those with multiple choice 2 incomes rising as fast as the rate of inflation. significant debt. fixed incomes in nominal terms. no savings.