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nairu

or NAI·RU

[ ney-roo ]

noun

, Economics.
  1. nonaccelerating inflation rate of unemployment: the lowest level of unemployment an economy can handle without causing inflation.

NAIRU

/ ˈnaɪruː /

acronym for

  1. non-accelerating inflation rate of unemployment: the rate of unemployment at which inflation is neither accelerating nor decelerating Also callednatural rate of unemployment
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word History and Origins

Origin of nairu1

First recorded in 1975–80; acronym
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Example Sentences

It was this whole view, something called the NAIRU—the non-accelerating inflation rate of unemployment.

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