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:
“For what were all these country patriots born?
To hunt, and vote, and raise the price of corn?”
—George Gordon Noel Byron (1788–1824)
“... when you do get a job everybody says, “Well, they wanted a black woman,” which necessarily puts you on a level where you have to prove yourself above being a woman and being black.... Now, I would say, in certain situations, it helped me simply because I was mildly attractive, not because I was black or a woman. That gets you more mileage than anything else.... God help you if you’re not an attractive woman.”
—Theresa Brown (b. 1957)