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According to the Adapting to Change box, Northwestern University's football players won a ruling from the NLRB that gave them the right to unionize.
Actual Inflation
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling, as measured over a specific period.
Expected Rate of Inflation
The expected pace at which the overall price level of goods and services will increase over time.
Federal Reserve
The central banking system of the United States, responsible for regulating the monetary policy to stabilize the economy.
Unemployment
The condition of being jobless despite actively seeking employment and being ready to work.
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