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.
Correct Answer:
Verified
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