3 ms·
Last time this concept was popular I read the Wikipedia article on "Non-Accelerating Rate of Unemployment" NARU. This is the (lowish) level of unemployment that
by cardiffspaceman 7y ago
Last time this concept was popular I read the Wikipedia article on "Non-Accelerating Rate of Unemployment" NARU. This is the (lowish) level of unemployment that doesn't cause huge wage inflation. Folks were worried where that level was in the 90's.