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What does NARU stand for?

NARU stands for Natural Rate of Unemployment (Milton Friedman theory)

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We have 1 other meaning of NARU in our Acronym Attic

Samples in periodicals archive:

The idea that the economy gravitates towards a natural rate of unemployment that, in the words of Milton Friedman (1968), "is the level that would be ground out by the Walrasian system of general equilibrium equations, provided there is imbedded in them the actual structural characteristics of the labour and commodity markets, including market imperfections, stochastic variability in demands and supplies, the cost of gathering information about job vacancies and labour availabilities, the costs of mobility, and so on.
Over 80 percent of respondents predict that the unemployment rate will not fall back below 7 percent until the second half of 2012 (the natural rate of unemployment is estimated to be somewhere around 6 percent).