# Nora's boss has given her a 4% raise. Her boss Nancy thinks she has been very...

###### Question:

Nora's boss has given her a 4% raise. Her boss Nancy thinks she has been very generous and Nora should be very appreciative and willing to work extra hard. Nora is inclined to agree but then she discusses the matter with her college age child who has taken an economics class with Dr. Bell. Her child tell Nora that the inflation rate is 5% (assume that is true). What other advise does the student give their mom in regard to the raise and the bosses' opinion?

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