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nairu

or NAI·RU

[ney-roo]
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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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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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British Dictionary definitions for nairu

NAIRU

n acronym for economics
  1. non-accelerating inflation rate of unemployment: the rate of unemployment at which inflation is neither accelerating nor deceleratingAlso called: natural rate of unemployment
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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