Price Levels

Some articles on price levels, price level, price, prices, level, levels:

Law Of Value - Basic Definition of The Concept - Cost Structures and Price Structures
... reason, most market trade in products is regular and largely predictable as far as price levels are concerned, rather than chaotic and arbitrary norms of what products are worth relative to each other are mostly ... labour inputs required to make a product, reflected in its price level ... The concept of a "price structure" refers to the fact that prices rarely exist, or change, in isolation instead, price-levels are interdependent on other price-levels, so that ...
Macroeconomic Policy - Macroeconomic Models - Aggregate Demand-Aggregate Supply
... This model shows the price level and level of real output given the equilibrium in aggregate demand and aggregate supply ... The aggregate demand curve's downward slope means that more output is demanded at lower price levels ... is the result of two effects the Pigou or real balance effect, which states that as real price fall real wealth increases, so consumers demand more goods, and the Keynes or interest rate effect, which states that ...
Minimum Wage In The United States - Reasons For Economic Controversy
... of labor demanded increases as the price of labor falls ... if the workers cost less, then more profit can be made from hiring more workers at a lower price ... inflation, but inflation--the purchasing power of money and therefore of wages--depends on total levels of investment ...

Famous quotes containing the words levels and/or price:

    The word which gives the key to the national vice is waste. And people who are wasteful are not wise, neither can they remain young and vigorous. In order to transmute energy to higher and more subtle levels one must first conserve it.
    Henry Miller (1891–1980)

    To me a book is a message from the gods to mankind; or, if not, should never be published at all.... A message from the gods should be delivered at once. It is damnably blasphemous to talk about the autumn season and so on. How dare the author or publisher demand a price for doing his duty, the highest and most honourable to which a man can be called?
    Aleister Crowley (1875–1947)