NAIRU
/ˈnʌɪruː/(also Nairu) Economics
noun
A rate of unemployment at which the labour market creates no inflationary pressure.
- If unemployment falls below this rate (which will vary in relation to the underlying rate of economic growth), the increase in wages and spending tend to lead to a rise in inflation..
Origin
1970s. Acronym from the initial letters of Non-Accelerating Inflation Rate of Unemployment.
- pinch effect
- pinch-eyed
- pinch-face
- pinch-faced
- pinchfart
- pinch fist
- pinchfisted
- pinch-gut
- pinch-hit
- pinch-hitter
- pinching bug
- pinching iron
- pinchingly
- pinching nut
- pinch-off
- pinch-off voltage
- pinch oneself
- Pinchot, Gifford
- pinch-out
- pinchpence
- pinchpenny
- pinch pleat
- pinch-pleated
- pinch point
- pinch roll