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Tim Hortons paid its line workers $10 per hour last year when the Consumer Price Index was 100. Suppose over the past year, deflation occurred

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Tim Hortons paid its line workers $10 per hour last year when the Consumer Price Index was 100. Suppose over the past year, deflation occurred and the aggregate price level fell to 86. Instructions: Round your answers to two decimal places. ed a. Tim Hortons must pay its workers $ this year in order to keep the real wage fixed at $10. b. Tim Hortons must pay its workers $ this year if it wants to increase the real wage by 7 percent. c. If Tim Hortons keeps the wage fixed at $10 per hour, in real terms, its workers get a % increase in wages

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