Looking for the meaning of the word NAIRU in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of NAIRU with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: NAIRU
Speech Type: Noun
Etymology:
1970s. Acronym from the initial letters of Non-Accelerating Inflation Rate of Unemployment
Definition:
A rate of unemployment at which the labour market creates no inflationary pressure.
Variant Forms:
- Nairu
