natural rate of unemployment
Definition
Level of unemployment at which the inflation rate in an economy stays stable and, if the unemployment falls due to an expanding economy, the inflation rate starts to accelerate. Also called non accelerating inflation rate of unemployment (NAIRU). See also natural rate of employment.
natural rate of unemployment is in the Banking, Commerce & Finance and Economics, Politics, & Society subjects.
natural rate of unemployment appears in the definitions of the following terms: Chicago school of economics and non-accelerating inflation rate of unemployment (NAIRU)
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