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2017 Word of the Year

nairu

or NAIRU

[ney-roo] /ˈneɪ ru/
noun, Economics.
1.
the nonaccelerating inflation rate of unemployment: the lowest level of unemployment an economy can handle without causing inflation.
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Based on the Random House Dictionary, © Random House, Inc. 2017.
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British Dictionary definitions for nairu

NAIRU

/ˈnaɪruː/
noun acronym (economics)
1.
non-accelerating inflation rate of unemployment: the rate of unemployment at which inflation is neither accelerating nor decelerating Also called natural 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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