NAIRU

In monetarist economics, particularly the work of Milton Friedman, NAIRU is an acronym for non-accelerating inflation rate of unemployment, and refers to a level of unemployment below which inflation rises. It was first introduced as NIRU (non-inflationary rate of unemployment) in Modigliani{spaced ndash}Papademos (1975), as an improvement over th...
Found on http://en.wikipedia.org/wiki/NAIRU

NAIRU

Non-Accelerating Inflation Rate of Unemployment. That is, a steady state unemployment rate above which inflation would fall and below which inflation would rise. By some estimates the NAIRU is 6% in the U.S. NAIRU is approximately a synonym for the natural rate of unemployment. Paraphrased from Eisner's article: The essential hypotheses of the theo...
Found on http://www.econterms.com/glossary.cgi?query=NAIRU

NAIRU

The level of the unemployment rate at which prices rise at the same rate that they are expected to rise, and thus at which (since expectations needn't change) the rate of inflation does not then rise or fall. Stands for Non-Accelerating Inflation Rate of Unemployment.
Found on http://www-personal.umich.edu/~alandear/glossary/n.html
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