Suppose That in Labour Negotiations with Management, the Amalgamated Ditch

question 211

Short Answer

Suppose that in labour negotiations with management, the Amalgamated Ditch Diggers proposed wage increases be tied to the consumer price index. This is called a(n) ________ clause.
adjustable wage index
cost-of-living adjustment
variable wage
recognition item
CPI-wage adjustment

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Definitions:

Linear Regression

Statistical procedure in which a straight line is fitted to a set of data to best represent the relationship between two variables.

Multiple Correlation

A statistical technique that measures the strength of a relationship between one dependent variable and two or more independent variables.

Correlation

A statistical measure that expresses the extent to which two variables change together, and thus how well one variable predicts the other.

Regression

A statistical method for examining the relationship between a dependent variable and one or more independent variables.