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If correctional institutions are constructed as understaffed, underfunded places where humane correctional officers are trying to supervise large numbers of offenders, some of whom are redeemable, then public monies for these institutions and their programs will make more sense.
Expected Price Level
The anticipated average level of prices in the economy for goods and services, as predicted by consumers and businesses.
Actual Price Level
The current market price of goods and services, reflecting the buying power of money at a given time.
Nominal Wage
The amount of money paid to an employee before any deductions and adjustments for inflation.
Compensation
Total of all payments and benefits, including salary and bonuses, given to an employee for their services.
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