A price level is a hypothetical measure of overall prices for some set of goods and services, in a given region during a given interval, normalized relative to some base set. Typically, a price level is approximated with a price index.
Read more about Price Level: Theoretical Foundation, Significance
Famous quotes containing the words price and/or level:
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With price of mangled mind thy worthless ware;”
—Sir Philip Sidney (1554–1586)
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—Theresa Brown (b. 1957)