Unemployment
Unemployment is a situation in which individuals are ready & willing to work at the prevailing rate of wages but are not able to get work.
Unemployment is a situation in which individuals are ready & willing to work at the prevailing rate of wages but are not able to get work.
NAIRU is the lowest unemployment rate that can be sustained without causing inflation to rise. It’s a measure of the economy’s “spare capacity”
NAIRU – Non Accelerating Inflation Rate of Unemployment Read More »