- the nonaccelerating inflation rate of unemployment: the lowest level of unemployment an economy can handle without causing inflation.
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Examples from the Web for nairu
It was this whole view, something called the NAIRU—the non-accelerating inflation rate of unemployment.Barney Frank Hits Back
April 2, 2009
- non-accelerating inflation rate of unemployment: the rate of unemployment at which inflation is neither accelerating nor deceleratingAlso 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