Economics A-Level
NAIRU
What NAIRU means in Economics A-Level, as defined for AQA.
Definition of NAIRU
Check what you remember
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Reference: AQA
The non-accelerating inflation rate of unemployment, at which the long-run Phillips curve is vertical.
Topics that use NAIRU
Related terms
- Cyclical unemployment
- Demand-side policies
- Economic growth
- Economic harmony
- Inflation expectations
- Inflationary pressures
- Labour market dynamics
- Long-run aggregate supply
Using NAIRU in the exam
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