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:

Lean Medium

A methodology focused on streamlining processes and eliminating waste to improve efficiency, often applied in manufacturing or organizational contexts.

Correspondence

The act of communication by exchanging letters, emails, or other forms of messages.

Chronological

Organized or occurring in order of time of occurrence, often used in timelines, histories, and narratives to show sequence.

Cause-and-effect

A relationship where one event (the cause) leads directly to another event (the effect).