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What length of time is usual for selecting a collective bargaining unit and negotiating a contract?
Real Interest Rate
The interest rate adjusted for inflation, representing the real cost of borrowing and the real yield to lenders.
Inflation
A general increase in prices and fall in the purchasing value of money over time.
Bureau of Labor Statistics
A United States government agency that collects, processes, and disseminates essential statistical data about labor markets, employment, and inflation.
GDP Deflator
The GDP Deflator is a measure of the price level of all domestically produced goods and services in a country, used to adjust nominal GDP to real GDP.
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