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.
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Famous quotes containing the words price and/or level:
“This state is full of these log cabin Abe Lincolns with price tags on ‘em. The louder he yells, the higher his price.”
—Robert Rossen (1908–1966)
“Nihilism as a symptom that the losers have no more consolation: that they destroy in order to be destroyed, that without morality they no longer have any reason to “resign themselves”Mthat they put themselves on the level of the opposite principle and for their part also want power in that they compel the mighty to be their hangmen. This is the European form of Buddhism, renunciation, once all existence has lost its “meaning.””
—Friedrich Nietzsche (1844–1900)