Economists Use the Term Ceteris Paribus to Indicate That

question 206

Multiple Choice

Economists use the term ceteris paribus to indicate that

• A) supply and demand are in balance.
• B) other things are assumed to be constant.
• C) the analysis is true for the individual but not for the economy as a whole.
• D) their conclusions are based on normative economics rather than positive economic analysis.

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