Natural rate of unemployment/Definition

From Citizendium
Jump to navigation Jump to search
This article contains just a definition and optionally other subpages (such as a list of related articles), but no metadata. Create the metadata page if you want to expand this into a full article.


Natural rate of unemployment [r]: (i) A synonym for the non-accelerating-inflation rate of unemployment; (ii) the unemployment rate at which the growth rate of the economy is in line with its long-term trend.