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:
“I dont want to read about some of these actresses who are around today. They sound like my niece in Scarsdale. I love my niece in Scarsdale, but I wont buy tickets to see her act.”
—Vincent Price (1911N)
“There is only one honest impulse at the bottom of Puritanism, and that is the impulse to punish the man with a superior capacity for happinessto bring him down to the miserable level of good men i.e., of stupid, cowardly and chronically unhappy men.”
—H.L. (Henry Lewis)