The most common formula for adjusting wages to the cost of living is:
A) a percentage increase in wages for each percentage increase in the CPI.
B) wages increased 3 cents for each 0.1 rise in the CPI.
C) wages increased 1 cent for each 0.3 rise in the CPI.
D) wages increased 1 cent for each 0.2 rise in the CPI.
E) none of these
Correct Answer:
Verified
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