The acronym COLA refers to contractual agreements that guaranteed workers

A) protection against inflation.
B) job security.
C) a percentage of corporate profits.
D) the right to participate in labor unions.

COLA

Cost Of Living Adjustment, an increase in income or benefits to offset inflation, ensuring that purchasing power is maintained despite rising prices.

Inflation Protection

Strategies or financial products designed to safeguard the purchasing power of assets or income in the face of rising inflation.

Contractual Agreements

Legally binding documents outlining terms and conditions agreed upon by parties engaging in a business or personal relationship.