For this week’s discussion answer the following and respond to at least 2 of your peers. Some people say that since inflation can be reduced in the long run without an increase in unemployment, we

For this week’s discussion answer the following and respond to at least 2 of your peers.

Some people say that since inflation can be reduced in the long run without an increase in unemployment, we should reduce inflation to zero. Others believe that a steady rate of inflation at, say, 3 percent, should be our goal. What are the pros and cons of these two arguments? What, in your opinion, are good long-run goals for reducing inflation and unemployment?