What Fundamental Concept States That in a Horizontal Sequence of Conformable

question 56

Multiple Choice

What fundamental concept states that in a horizontal sequence of conformable sedimentary strata, each higher bed is younger than the bed below it?

• A) law of original correlation
• B) theory of superstition
• C) law of superposition
• D) theory of correlative supposition

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Definitions:

Aggregate Demand

Totality of demand for all goods and services in an economy, pegged at a given broad price level for a particular timeframe.

Taxes

Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Unemployment

A situation where individuals who are capable of working and are seeking work are unable to find employment.

Natural Rate of Unemployment

The level of unemployment that exists when the labor market is in equilibrium, including frictional and structural unemployment but not cyclical unemployment.