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 hating other human beings is loving oneself less.”
—Eldridge Cleaver (b. 1935)
“Let still the woman take
An elder than herself. So wears she to him;
So sways she level in her husband’s heart.”
—William Shakespeare (1564–1616)