| 单词 | natural rate of unemployment |
| 释义 | > as lemmasnatural rate of unemployment natural rate of unemployment n. Economics a rate of unemployment at which the labour market creates no inflationary pressure; cf. NAIRU n. ΚΠ 1968 M. Friedman in Amer. Econ. Rev. 58 8 A lower level of unemployment is an indication that there is an excess demand for labor that will produce upward pressure on real wage rates... The ‘natural rate of unemployment’, in other words, is the level that would be ground out by the Walrasian system of general equilibrium equations. 1994 P. Ormerod Death of Econ. (1995) vi. 123 In an economy in which imperfections and obstacles to the workings of the free market were removed, the ‘natural rate’ of unemployment would be very low. < as lemmas |
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