General price level
An index that measures the change in price of goods in an economy over time and hence the purchasing power of 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.
Nearby TermsGeneral partner General partnership General price level General price level accounting General revenue
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University