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Price level

The general price level is a hypothetical measure of overall prices for some set of goods and services (the consumer basket), in an economy or monetary union during a given interval (generally one day), normalized relative to some base set. Typically, the general price level is approximated with a daily price index, normally the Daily CPI. The general…

Significance, Theoretical foundation & Overview

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Significance

InflationEconomic growthDeflatingGDP
4 related topics

Theoretical foundation

Classical dichotomy
1 related topics

Overview

PricesGoodsServicesConsumer basketMonetary union
9 related topics

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Map overview Semantic statistics

Price level

Nodes21
Edges20
Triples4
Avg. degree1.9
Density0.095238
Components1

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Price level

Top relations

related to Significance · 3
Price level → For, GDP, If
is a · 1
Price level → hypothetical measure of overall prices for some set of goods and services

Important terminology Word statistics

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Important terminology

price level general prices overall index measure day inflation goods services cpi distinguished money set consumer given change also normalized

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Price levelis ahypothetical measure of overall prices for some set of goods and services0.90text
Price levelrelated to SignificanceIf0.60section
Price levelrelated to SignificanceFor0.60section
Price levelrelated to SignificanceGDP0.60section

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    Min side: 3
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