"When the Price Level Increases, Aggregate Planned Expenditure Increases and Equilibrium

question 329

Essay

"When the price level increases, aggregate planned expenditure increases and equilibrium expenditure increases." Is the preceding statement correct or incorrect? Briefly explain your answer.

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Definitions:

Perverse Triangle

Coalition of two members ganging up against another, such as a parent siding with children against the other parent; unhealthy coalition.

Parentified Child

A child becomes like a parent, taking on adult responsibilities in the family.

Detouring Coalition

Child or other family member is the scapegoat for the family’s problems, parental conflict is taken out on the child, and stress is detoured from the real cause.

Hierarchical Structure

The organization of power and authority in a family.