Inflation: During a period of high inflation, a political leader was up for re-election. Inflation had been increasing during his administration, but he announced that the rate of increase of...

Inflation: During a period of high inflation, a political leader was up for re-election. Inflation had been increasing during his administration, but he announced that the rate of increase of inflation was decreasing. Draw a graph of inflation versus time that illustrates this situation. Would this announcement convince you that economic conditions were improving?