Price Level

A Price Level is an economic measure of overall prices for some set of goods and services

• See: Price, Good (Economics), Service (Economics), Price Index, Fisher Equation.

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References

2014

• (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/price_level Retrieved:2014-10-13.
  • The general 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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