Answer: less challenging than addressing deflation.

**Explanation:** Deflation poses a greater challenge for conventional monetary policy compared to inflation. This is because once nominal interest rates are reduced to zero to stimulate the economy, central banks cannot lower them further. In contrast, inflation can be managed through raising interest rates, providing policymakers with more tools to address it effectively. Thus, combating inflation is generally less difficult than combating deflation.

Author: LeetQuiz Editorial Team