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As a result of abuses of zero tolerance statutes,
Frictional Unemployment
The short-term unemployment that arises from the process of matching workers with jobs, often due to workers changing jobs or entering the workforce.
Potential Output
The highest level of real GDP (gross domestic product) that can be sustained over the long term without increasing inflation.
Expected Price Level
The anticipated average level of prices for all goods and services in an economy for a future period, influenced by current and forecasted economic conditions.
Real Wage
The buying capacity of salaries once corrected for inflation, showing the amount of products and services that can be purchased.
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