What are the pros and cons of these two arguments

Reference no: EM131167485

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?

Reference no: EM131167485

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