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please step by step explanation Nancy's union has negotiated a three-year wage contract that provides for a 2.4% increase indexed to inflation. The rates of

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Nancy's union has negotiated a three-year wage contract that provides for a 2.4% increase indexed to inflation. The rates of inflation are forecast to be 1.62%, 1.93% and 2.21% respectively. How will Nancy's wage increase be expressed in the new contract? O A COLA plus 1.6% O B COLA plus 1.9% C COLA plus 2.4% D COLA plus 2.2%

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