Assume that an economy with an inflationary gap is operating under boom conditions. Select one: O a. This is bad news for business because profits are bound to rise more slowly than wages. O b. This is excellent news for business because it implies that profits will go on rising indefinitely, but there will be downward pressure on wages. O c. The effects of inflation will not harm the workforce. O d. Demand for many goods and services is strong, so many businesses will concede wage increases to their workers