The Ceteris Paribus, or Everything Else Held Constant, Assumption Is

question 4

True/False

The ceteris paribus, or everything else held constant, assumption is used in economics primarily to identify unstable equilibrium situations.

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Definitions:

Recklessness

The act or state of demonstrating a lack of regard for the danger or consequences of one's actions, differentiating from mere carelessness by the conscious decision to disregard safety.

Substantial Risk

A significant chance or danger of damage, harm, or adverse effects.

Felony

As a general rule, all crimes punishable by death or by imprisonment in a state prison.

Misdemeanor

Any crime that is punishable neither by death nor by imprisonment in a state prison.