Rashana is a human resource specialist at Piper Co., a business consulting company. To support human resource planning, Rashana monitors trends in the Consumer Price Index. In recent months, the CPI has been rising at an increasing rate. What can Rashana predict based on this information?

a. A rise in employment costs will lead companies to demand more labor.
b. Competitors in Piper Co.’s product markets will hold wages steady.
c. A rising cost of living will lead workers in the labor market to seek higher pay.
d. Uncertainty about prices will cause workers to accept lower-paying jobs.
e. A falling cost of living will cause workers to leave the labor market.