NAIRU
Non-accelerating inflation rate of unemployment – the level of unemployment below which competition for workers will drive up wages
« Back to Glossary Indexby Mike Rawson ·
Non-accelerating inflation rate of unemployment – the level of unemployment below which competition for workers will drive up wages
« Back to Glossary Index
by Mike Rawson · Published February 23, 2016
by Mike Rawson · Published June 14, 2017 · Last modified August 2, 2017
by Mike Rawson · Published December 4, 2017 · Last modified June 21, 2020
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Success is a lousy teacher. It seduces smart people into thinking that they can’t lose.