Which of the following is NOT an argument for a zero rate of inflation? a. It eliminates
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Which of the following is NOT an argument for a zero rate of inflation?
a. It eliminates distortions from a non-indexed tax code.
b. It encourages people to hold a greater quantity of money.
c. It reduces the menu costs that firms have to incur.
d. It stops real wages from falling if nominal wages cannot be cut.
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