In General, Aggregate Demand Depends Only on Prices and Total

question 32

True/False

In general, aggregate demand depends only on prices and total income and not on income distribution.

---

Definitions:

Richer People

Individuals or groups who have a significant amount of wealth or assets compared to the average population.

Environmental Degradation

The deterioration of the environment through depletion of resources, destruction of ecosystems, and pollution.

Property Rights

The legal rights to use, control, and derive benefit from property, whether it is tangible or intangible.

Privately Owned

Something that is owned by individuals or corporations rather than the government or the public.