Economists who believe that living with moderate inflatioh is preferred to moving toward near zero inflation make all of the following arguments except:
a. Many of the costs of inflation can be eliminated by indexing the tax system
b. The sacrifice ratio is too small to move toward zero inflation
c. Those least able to afford it bear most of the costs of a reduction in inflation
d. Some inflation is a good thing because it allows real wages to fall when nominal wages are sticky downward

Q&A Education