For 1970- 2011, the evidence for Australia suggests that the average rate of unemployment required to keep inflation constant has been:

Question

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The average rate of unemployment required to keep inflation constant, often referred to as the Non-Accelerating Inflation Rate of Unemployment (NAIRU), for Australia during the period 1970-2011 has been estimated to be between 6% and 7%. This reflects the unemployment rate at which inflation is stable, without accelerating or decelerating.

For 1970- 2011, the Evidence for Australia Suggests That the Average