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If the natural rate of unemployment _____, the nonaccelerating inflation rate of unemployment _____, and the long-run Phillips curve shifts to the left.
Paid Vacation Time
Employment benefits allowing employees a certain period of paid leave from work for rest, recreation, or personal matters.
Public Holidays
Legally recognized days of celebration or remembrance that usually result in a pause of regular business operations and work activities across the country.
Fair Labor Standards Act
A United States law that creates the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week, and prohibits the employment of minors in "oppressive child labor."
Overtime Pay
Additional compensation awarded to employees who work beyond their scheduled hours, as mandated by employment laws.
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