Definitions for "Price level"
The overall level of prices in a country, as usually measured empirically by a price index, but often captured in theoretical models by a single variable.
The weighted average of the prices of all goods and services in an economy; used to calculate inflation. See also Consumer price index. View Capstone Lesson(s) that address this concept
the average level of prices in the economy.
Keywords:  mpids, bidding, distinct, offering, may
a distinct price at which one or more MPIDs may be bidding or offering