Price Level

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:

    A work of art that contains theories is like an object on which the price tag has been left.
    Marcel Proust (1871–1922)

    Reduced to a miserable mass level, the level of a Hitler, German Romanticism broke out into hysterical barbarism.
    Thomas Mann (1875–1955)