For real wages to increase,which of the following must be true?
A) An employee's wage increase must be greater than the increase in the CPI.
B) An employee must receive a lump-sum wage increase equal to the increase in the CPI.
C) An employee's wage must simply increase.
D) The CPI must increase at least as much as the employee's wage.

Question

Quizplus · Accepted Answer

For real wages to increase, an employee's wage increase must be greater than the increase in the CPI. This means that the purchasing power of the employee's wage has increased, as their wage has grown faster than the cost of living.

For Real Wages to Increase,which of the Following Must Be