As a consequence of the existence of a nonaccelerating inflation rate of unemployment:

Name: As a consequence of the existence of a nonaccelerating inflation rate of unemployment:
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The concept of a nonaccelerating inflation rate of unemployment (NAIRU) suggests that there is no long-run trade-off between unemployment and inflation, meaning that efforts to reduce unemployment below the NAIRU level would only lead to higher inflation without achieving lower unemployment in the long term.

As a Consequence of the Existence of a Nonaccelerating Inflation