the NAIRU
noun[S]
ECONOMICS(alsothe Nairu)ukusabbreviationforthe Non-Accelerating Inflation Rate of Unemployment: thelevelofunemploymentthat acountrycan have without it having abadeffecton therateofinflation:
Anyattempttopushunemploymentbelow the Nairu using macro-economicpolicywouldleadtohigherinflation.