non-accelerating inflation rate of unemployment

Definitions

Economics

  • noun the rate of employment when inflation remains stable (calculated at 4.5 per cent in the USA). If unemployment falls below a certain rate, then inflation will start to rise, but if inflation falls, then unemployment will start to rise.

Health Economics

  • synonymNatural Rate of Unemployment
http://www.dictionarycentral.com/definition/non-accelerating-inflation-rate-of-unemployment.html