For 10 points, name this quantity measured by the Consumer Price Index, which is the general increase in price level.
An extreme form of this phenomenon resulted in a mental disorder known as zero stroke. In the Fisher equation, this quantity is represented by pi. Milton Friedman called this phenomenon an "old, old disease" and wrote that "the only cure…is to reduce the rate at which total spending is growing." Some of the costs resulting from the (*) unanticipated form of this include shoe-leather costs and menu costs. The Phillips Curve plots it against unemployment. For 10 points, name this quantity measured by the Consumer Price Index, which is the general increase in price level.
An extreme form of this phenomenon resulted in a mental disorder known as zero stroke.
inflation [accept hyperinflation before “pi”]