Which of the Following Statements About the Social Security Cost-Of-Living

question 35

Multiple Choice

Which of the following statements about the Social Security cost-of-living adjustment is (are) true?
I.The amount of the adjustment is limited to a maximum of 2.5 percent annually.
II.Increases are based on changes in the consumer price index.

• A) I only
• B) II only
• C) both I and II
• D) neither I nor II

---

Definitions:

Revolutionary War

A war fought from 1775 to 1783 in which the American colonies successfully gained independence from Great Britain, becoming the United States of America.

Shays's Rebellion

A revolt carried out by American farmers in 1786-1787 against the execution of tax collections and debt judgments by state and local officials.

Thomas Jefferson

The third President of the United States (1801–1809), author of the Declaration of Independence, and a founding father known for his promotion of the ideals of republicanism in the United States.

Massachusetts

A state in the northeastern United States, significant for being one of the original thirteen colonies and a site of early European settlement, and later, important historical events such as the Boston Tea Party and the American Revolution.