Your nominal wage increases from $12 per hour to $13 per hour. at the same time, the price level increases from 140 to 147. as a result,
a. the number of dollars you receive increases and the purchasing power of the dollars you receive increases.
b. the number of dollars you receive increases and the purchasing power of the dollars you receive decreases.
c. the number of dollars you receive decreases and the purchasing power of the dollars you receive increases.
d. the number of dollars you receive decreases and the purchasing power of the dollars you receive decreases.

B. The number of dollars you receive increases and the purchasing power of the dollars you receive decreases.

Explanation:

price inflation:

147/140 = 1.05 --> the price level increase by 5%

The purchasing power from a dollar decrease as there was a 5% inflaiton during the period.

wages increase:

13 / 12 = 1.08333 = 8.33% --> wages increase by 8.33%

We receive more dollars as the nominal wages increase

By comparisson, the employees real purchase power increase as the increase in wages surpassed the inflation but in nominal terms, the purchase power of each dollar it receives decrease

i guess you could put raise the economic balance

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!