When Economists Use the Term Ceteris Paribus, They Are Indicating

question 172

Multiple Choice

When economists use the term ceteris paribus, they are indicating that

• A) the relationship between two economic variables cannot be determined.
• B) the analysis is true for the individual but not for the economy as a whole.
• C) all other variables except the ones specified are assumed to be constant.
• D) their conclusions are based on normative economics rather than positive economic analysis.