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:
“No performance is worth loss of geniality. ‘Tis a cruel price we pay for certain fancy goods called fine arts and philosophy.”
—Ralph Waldo Emerson (1803–1882)
“... 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)