Define price level. price level synonyms, price level pronunciation, price level translation, English dictionary definition of price level. Noun 1. price level - an index that traces the relative changes in the price of an individual good over time price
The meaning of PRICE LEVEL is an average of prices at a particular time relative to that at some other time.
Learn the definition of the price level in economics and understand how to calculate it. See the price level equation and find the popular ways to...
Neo classical LRAS:the assumption of the neo-classical school,that the LRAS curve is vertical at all price levels,even at very low price levels.Thus the LRAS curve is independent of the price level. Keynesian LRAS:3 possible phases Pha...
Regulation管制:can include fixing quantity of supply or demand, or price or quantity control, so the market will produce nearer the social optimal level of output. Direct provision直接供应:is when the government directly supply goods to ...
General price level Acronyms Anindexthat measures the change in price of goods in an economy over time and hence thepurchasing powerof the currency of the country. For instance, in the U.S. it is represented by the CPI (Consumer Price Index) maintained by the U.S. Department of Labor. ...
The meaning of NAME is a word or phrase that constitutes the distinctive designation of a person or thing. How to use name in a sentence.
to put (a price or value) upon something: He set $7500 as the right amount for the car. The teacher sets a high value on neatness. to fix the value of at a certain amount or rate; value: He set the car at $500. She sets neatness at a high value. Synonyms: rate, price, eval...
Price leadership occurs when a leading firm in a given industry is able to exert enough influence in the sector that it can effectively determine the price of goods or services for the entire market. This type of firm is sometimes referred to as the price leader. This level of influence oft...
Real value is obtained by removing the effect ofprice levelchanges from thenominal valueof a good, service, or time-series data, so as to obtain a truer picture of economic trends. The nominal value of time-series data, such as GDP and income, is adjusted by a deflator to derive real ...