The Table Given Below Reports the Average Hourly Wage Received

question 107

Multiple Choice

The table given below reports the average hourly wage received by laborers and the price index for two years.
Table 8.2
$\begin{array}{|l|c|c|}\hline & \text { Year 1 } & \text { Year 2 } \\\hline \text { Average hourly wage } & \$ 6.00 & \$ 7.00 \\\hline \text { Price index } & 117 & 125 \\\hline\end{array}$
-Refer to Table 8.2. The data in the table suggests that in year 2:

• A) aggregate supply remains constant.
• B) aggregate demand decreases.
• C) aggregate supply decreases.
• D) aggregate demand increases.
• E) aggregate supply increases

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Definitions:

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A strongly held conviction or principle that is deeply ingrained in an individual's thought patterns, often affecting behavior.

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