Question

The most common formula for adjusting wages to the cost of living is:

a. Wages increased 3 cents for each 0.1 rise in the CPI-W.

b. A percentage increase in wages for each percentage increase in the CPI-W.

c. Wages increased 1 cent-per-hour increase for each 0.3 point increase in the CPI-W.

d. Wages increased 1 cent for each 0.2 rise in the CPI-W.

e. Wages increased 4 cent-per-hour increase for each 0.3 point increase in the CPI-W.

Answer

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