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:

    The price of telling your troubles is having to listen to advice.
    Mason Cooley (b. 1927)

    I love thee to the level of everyday’s
    Most quiet need, by sun and candle-light.
    I love thee freely, as men strive for Right;
    I love thee purely, as they turn from Praise.
    I love thee with the passion put to use
    In my old griefs, and with my childhood’s faith.
    Elizabeth Barrett Browning (1806–1861)