Civilian and Non-institutionalized Adult Population
Everyone 16 years old or older and who is not in the military, not in jail or prison, not living permanently in nursing homes, and not in other "institutions."
The total number of adult non-institutionalized civilians who are either working and on a payroll OR are actively seeking work.
The number of adult civilians who are working and on a payroll of some type.
The number of adult civilians who are not working but are actively seeking work.
The proportion of the civilian labor force 16 years or older that is actively seeking employment, but is out of work and not engaged in the production of goods and services.
The yearly price charged by a lender to a borrower in order for the borrower to obtain a loan. This is usually expressed as a percentage of the total amount loaned.
Nominal interest rate
The effects of inflation have not been accounted for so interest rates stay the same. Lenders not only have to be compensated for delaying their consumption, but they also must be compensated for the fact that a dollar will not buy as much a year from now as it does today.
Real interest rates
Interest rates where inflation has been accounted for. Rates may go up and down with inflation.
Expansion and contraction by many industries at once.
The phase of the business cycle in which Inflation, CPI, GDP, and interest rates go up and unemployment goes down.
The phase of the business cycle in which Inflation decreases (sometimes to the point of deflation), CPI, GDP, and interest rates decrease, and unemployment rises.