Laspeyres price index
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Laspeyres price index is a measure of the level of prices based on a fixed basket of goods. (Cf. Paasche price index.)
Definition
According to Macroeconomics by Mankiw (7th edition),
- Laspeyres price index. A measure of the level of prices based on a fixed basket of goods. (Cf. Paasche price index.)
