Price level

From Market
Revision as of 10:41, 14 February 2012 by Vipul (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Definition

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.

Price levels are the theoretical conception that aim to relate as well as distinguish between nominal measures and real measures.

A price level is typically measured by means of a price index such as a consumer price index.

Retrieved from "https://market.subwiki.org/w/index.php?title=Price_level&oldid=909"