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
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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?
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