What Is Meant by the Term Inflation Bias

What is meant by the term inflation bias?

A) when policymakers allow exchange rates to continually depreciate and are willing to accept higher rates of inflation
B) when policymakers accept higher rates of inflation and are willing to allow exchange rates to continually depreciate
C) when policy makers use expansionary monetary policy for short-term gain, at the expense of higher inflation in the longer run
D) when fiscal policymakers use deficit financing to stimulate the economy at the expense of higher long-run inflation