I Social Security, Old-Age Pensions, Many Apartment Leases and Many

Multiple Choice

i. Social security, old-age pensions, many apartment leases and many labor contracts are tied to the
Change in the CPI.
ii. Millions of employees in automobile, steel and other industries have their wages adjusted upward
When the CPI increases. The specifics are in the management-union contracts. These clauses in the
Contracts are referred to as "cola clauses."
iii. If two or more series of index numbers have the same year as the base period, then they can be
Compared directly.

A) (i) , (ii) , and (iii) are all correct statements.
B) (i) and (ii) are correct statements but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) (i) , (ii) , and (iii) are all false statements.