Given the CPI for January, CPIJ, the CPI for February, CPIF, and the CPI for March, CPIM, which of the following scenarios illustrates the concept of disinflation?(1 point)

Responses

CPIJ=48, CPIF=58, CPIM=68
upper c upper p upper i subscript upper j baseline equals 48 , upper c upper p upper i subscript upper f baseline equals 58 , upper c upper p upper i subscript upper m baseline equals 68

CPIJ=48, CPIF=38, CPIM=28
upper c upper p upper i subscript upper j baseline equals 48 , upper c upper p upper i subscript upper f baseline equals 38 , upper c upper p upper i subscript upper m baseline equals 28

CPIJ=48, CPIF=58, CPIM=78
upper c upper p upper i subscript upper j baseline equals 48 , upper c upper p upper i subscript upper f baseline equals 58 , upper c upper p upper i subscript upper m baseline equals 78

CPIJ=48, CPIF=48, CPIM=48

The scenario that illustrates disinflation is CPIJ=48, CPIF=38, CPIM=28. In this scenario, the CPI decreases from 48 to 38 and then further decreases to 28, indicating a decrease in the rate of inflation over time. Disinflation refers to a decrease in the rate of inflation, while inflation refers to an increase in the rate of inflation.