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Macro & Economy

NAIRU

Also called: the-natural-rate-of-unemployment, natural rate of unemployment

The non-accelerating-inflation rate of unemployment — the lowest joblessness can go before inflation starts climbing. Also called the natural rate, it's where the Phillips-curve trade-off runs out.

Where this is taught

Definitions are the trailer. These free levels turn NAIRU into something you play — one bite-size lesson, with worked examples, a quiz and XP.

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