The unemployment rate measures: QuNancy'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? Question 7 options: a) COLA plus 2.2% b) COLA plus 1.9% c) COLA plus 2.4% d) COLA plus 1.6%estion 2 options: a) unemployed workers as a percentage of the population. b) the number of people unemployed divided by the number of people employed. c) unemployed workers as a percentage of the population age over-sixteen. d) unemployed workers as a percentage of the labor force