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... the markets. Reasons for changes in NAIRU over a period of time. It is a firm belief of Economist that as NAIRU exists significantly the criteria it has must be ever changing as time NAIRU (An Introduction) NAIRU stands for Non-Accelerating Inflationary Rate of Unemployment. It is defined as the calculated rate of price level in a society they would have just recommend a decrease in the rate of unemployment or vise versa. NAIRU that there is a distinct relation between rate of unemployment and inflation. The NAIRU even having a significant effect . Reflections on NAIRU This paper discusses NAIRU and its practicality in light of Joseph Stiglitz's "Reflections on the Natural Rate ...



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