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When Congress passed the Insanity Defense Reform Act of 1984, it made successful use of the insanity defense
Money Wages
Wages paid to employees in terms of money, as opposed to real wages, which are wages adjusted for inflation.
Real Wages
The purchasing power of wages or income, taking into account the effects of inflation on buying power.
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 estimate inflation.
Economic Rent
The extra income earned by a resource over its opportunity cost.
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