The GDP deflator accounts for this phenomenon, which is corrected in real GDP but not nominal GDP.
Like quantity, an index for measuring this phenomenon is named for Fisher. A decrease in aggregate supply results in the "cost-push" form of this phenomenon. This phenomenon is represented by an upward move of the equilibrium on an aggregate supply-aggregate demand graph. The GDP deflator accounts for this phenomenon, which is corrected in real GDP but not nominal GDP. An extreme form of this phenomenon occurred in the Hungarian pengo and the Zimbabwean dollar. For 10 points, identify this economic term for a general rise in prices.
Like quantity, an index for measuring this phenomenon is named for Fisher.
{inflation} [accept change or rise in {price} levels or equivalents before "cost-push" is read; prompt afterwards]