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The Legal Enforceability of an Arbitrator's Decision When a Contract

question 135

True/False

The legal enforceability of an arbitrator's decision when a contract includes a binding arbitration clause was established by a series of Supreme Court cases known as the Beck doctrine.

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Definitions:

Unemployment Rate

The portion of the labor sector that remains unemployed and is actively job hunting.

Department Of Labor

A governmental department responsible for enforcing labor laws and ensuring safe and fair working conditions for employees.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to assess price changes associated with the cost of living.

GDP Deflator

A price index used to measure price changes in the items that go into GDP.

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