nairu definition by American Heritage Dictionary
The American Heritage® Dictionary of the English Language, 4th edition Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
The lowest unemployment rate that an economy can accommodate without causing inflation.
Origin: n(on)a(ccelerating) i(nflation) r(ate of) u(nemployment).