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

Question

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

Quizplus · Accepted Answer

The Answer of 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

The Table Given Below Reports the Average Hourly Wage Received