The Cost of Living Adjustments (COLA)are Featured in Many Labour

question 54

Multiple Choice

The cost of living adjustments (COLA) are featured in many labour contracts and pension plans. They:

• A)mandate adjusting income upwards by half the increase in prices over the respective period.
• B)naturally lead to both income and substitution effects being present.
• C)lead to a substitution effect and no income effect.
• D)lead to an increase in compensation via a substitution effect.

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Definitions:

One-To-Many Line

A representation in database schema diagrams indicating that one record in a table is associated with multiple records in another table.

Standard Module

In programming, a code module that contains general procedures and functions that can be referenced from anywhere within the application.

Function Procedure

A block of code within programming that performs a specific task and can return a value, used to modularize and simplify coding.

Query

A request for information from a database, specifying criteria to select and retrieve data.