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From Longman Business Dictionary
Related topics: Economics
NAIRUNAIRU /ˈnaɪruː/ noun ECONOMICS non-accelerating inflation rate of unemployment; the number of people without work that some economists say is necessary at a particular time in order to prevent prices rising too fastOnce inflation has levelled out at an acceptable rate, demand can be expanded, with the result that the unemployment rate will fall back towards NAIRU.
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