The nonaccelerating inflation rate of unemployment is another name for the ________ rate of unemployment.
A) cyclical
B) Keynesian
C) natural
D) actual
E) sedentary

Question

Quizplus · Accepted Answer

The nonaccelerating inflation rate of unemployment (NAIRU) is the rate of unemployment at which inflation remains stable because it represents the natural rate of unemployment in the economy, meaning that all factors of production are being used efficiently and there is no cyclical unemployment.

The Nonaccelerating Inflation Rate of Unemployment Is Another Name for the ________