_____ is an increase in wages or transfer payments tied to increases in the price level.
A) U-6
B) COLA
C) NBER
D) CPI
E) GDP

Name: _____ is an increase in wages or transfer payments tied to increases in the price level. A) U-6 B) COLA C) NBER D) CPI E) GDP
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Question

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COLA stands for "Cost of Living Adjustment" and refers to an increase in wages or transfer payments (such as Social Security benefits) that are tied to increases in the price level, as measured by an index such as the Consumer Price Index (CPI).

_____ Is an Increase in Wages or Transfer Payments Tied