word
natural rate of unemployment
NACH-er-ul RAYT ov un-em-PLOY-ment
ˈnætʃərəl reɪt ɒv ˌʌnɪmˈplɔɪməntListen
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Syllable breakdown
naturalrateofunemployment
Dictionary meaning
level of unemployment consistent with stable inflation; composed of frictional and structural unemployment; attempts to reduce unemployment below this level typically cause accelerating inflation
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