The aggregate price level is the:
A)average price of shares on the stock market.
B)average price of commodities.
C)overall level of prices.
D)same as the average price of gasoline.

Question

Quizplus · Accepted Answer

The aggregate price level is the overall level of prices in the economy. It includes the prices of goods and services, as well as the prices of assets such as stocks and real estate. It is measured by indicators such as the Consumer Price Index (CPI) and the Producer Price Index (PPI). It is not the same as the average price of shares on the stock market or the average price of gasoline, although both of these values can be included in the calculation of the aggregate price level if they are relevant.

The Aggregate Price Level Is The