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What is another word for price level?

Pronunciation: [pɹˈa͡ɪs lˈɛvə͡l] (IPA)

Price level is a term used to describe the general level of prices across an economy. It helps to measure inflation and helps businesses to plan their pricing strategies. However, there are other synonyms that can be used to express the same idea. Some of the synonyms for price level include cost of living, inflation rate, purchasing power, index of prices and overall price index. Other synonyms can be market prices, consumer prices, monetary value or financial worth. The use of synonyms enhances our writing and amplifies the understanding of our message. Ultimately, with multiple synonyms for the same word, we can ensure that our ideas are better expressed.
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Synonyms for Price level:

What are the hypernyms for Price level?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Price level

  • Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.
    William Vickrey
  • I don't know what monetarism is. If monetarism just means a good old-fashioned quantity theory, of course it has not failed. If it means the particular version of Milton Friedman, I think it has because he imagines that he can achieve — ascertain — a clear quantity relationship between a measurable quantity of money and the price level. I don't think that is possible. In fact, just about 40 years ago in the opening sentences of my book, Prices and Production, I wrote that it would be a great misfortune if people ever cease to believe in the quantity theory of money. It would be even worse ever to believe it literally. And that's exactly what Milton Friedman does.
    Milton Friedman

Related words: controlling price level, increase price level, set price level, cost of goods sold, price level per unit, what is the price level, what is the price level of a car, how to set a price level, how to control the price level

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