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What is NAIRU?
  • a)
    A type of unemployment caused by technological changes
  • b)
    A trade-off between inflation and wage growth
  • c)
    A rate of unemployment at which inflation stabilizes
  • d)
    A government policy to control inflation
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is NAIRU?a)A type of unemployment caused by technological changes...
NAIRU stands for Non-Accelerating Inflation Rate of Unemployment, which is the rate of unemployment at which inflation stabilizes, indicating a level where prices rise at a consistent rate over time.
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What is NAIRU?a)A type of unemployment caused by technological changesb)A trade-off between inflation and wage growthc)A rate of unemployment at which inflation stabilizesd)A government policy to control inflationCorrect answer is option 'C'. Can you explain this answer?
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