NON-ACCELERATING INFLATION RATE OF UNEMPLOYMENT [NAIRU] | MACROECONOMICS | LEARN OIKONOMIA

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This video discusses NON-ACCELERATING INFLATION RATE OF UNEMPLOYMENT [NAIRU]
The NAIRU is the lowest unemployment rate that can be sustained without causing wages growth and inflation to rise. It is a concept that helps us gauge how much 'spare capacity' there is in the economy. The NAIRU cannot be observed directly.
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