Which of the Following Is a Sedimentary Rock

question 108

Multiple Choice

Which of the following is a sedimentary rock?

• A)slate
• B)pumice
• C)marble
• D)shale
• E)quartzite

Explain the concepts of Say's law and the reasons for its critique by Keynesian economics.

Recognize the factors that shape the aggregate demand curve and how shifts in aggregate demand affect the economy.

Understand the conditions for macroeconomic equilibrium and the role of government intervention according to Keynes.

Distinguish between the short-run and long-run aggregate supply curves and their significance in economic analysis.

---

Definitions:

Equilibrium Price

Equilibrium price is the price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Welfare Economics

A branch of economics that focuses on the optimal allocation of resources and goods and aims to evaluate the economic well-being of individuals and society.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefits to all participants in the market transaction.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers at those prices.