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(Table 2: Income and Consumer Price Index Data for Four

Question 36

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(Table 2: Income and Consumer Price Index Data for Four Cities, 2008 and 2018) Table 2 provides income and Consumer Price Index (CPI) data for four cities for two years. Citizens of which city would be suffering from the money illusion if they claimed that they were better-off financially in 2018?  Table 2: Income and Consumer Price Index Data for Four Cities, 2008 and 2018 City A  City B  City C  City D 2008 average  income $40,000$70,000$85,000$100,0002008 CPI 120130901002018 average  income $65,000$100,000$160,000$160,0002018 CPI 150150160170\begin{array}{c}\text { Table 2: Income and Consumer Price Index Data for Four Cities, } 2008 \text { and } 2018\\\begin{array}{|c|c|c|c|c|}\hline \quad \quad \quad & \text { City A } \quad \quad \quad & \text { City B } \quad \quad \quad & \text { City C } \quad \quad \quad & \text { City D } \quad \quad \\\hline \begin{array}{c}2008 \text { average } \\\text { income }\end{array} & \$ 40,000 & \$ 70,000 & \$ 85,000 & \$ 100,000 \\\hline 2008 \text { CPI } & 120 & 130 & 90 & 100 \\\hline \begin{array}{c}2018 \text { average } \\\text { income }\end{array} & \$ 65,000 & \$ 100,000 & \$ 160,000 & \$ 160,000 \\\hline 2018 \text { CPI } & 150 & 150 & 160 & 170 \\\hline\end{array}\end{array}


A) city A
B) city B
C) city C
D) city D

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