Suppose the CPI of a country follows the path shown in the following figure. a. During which

Question:

Suppose the CPI of a country follows the path shown in the following figure.

a. During which period did the country experience zero inflation?
b. During which period did the country experience an increasing rate of inflation?
c. During which period did the country experience a slowdown in inflation, although the inflation rate remained positive? (This situation is called "disinflation.")
d. During which period did the country experience deflation?