12. Many economists believe that it is difficult for an economy to have both a low unemployment rate and a low inflation rate at the same time. (We'll talk about why that might be so in the weeks after the first test.) S=o we have to make a choice: we can either keep the unemployment rate low or we can keep the inflation rate low, but we can't do both. Which do you think is more important to maintain: a low unemployment rate (even if that means higher inflation) or a low inflation rate (even if that means higher unemployment)? Justify your answer, using ideas from the past couple of weeks of course material. (Think about the problems that might be caused by high unemployment and by high inflation including social as well as economic problems.)