By Using the Ceteris Paribus Assumption in Conjunction with a Model

question 265

Multiple Choice

By using the ceteris paribus assumption in conjunction with a model, economists can

• A) suspend the rationality assumption.
• B) avoid having their model depend on any additional assumptions.
• C) hold certain factors constant.
• D) be sure that the model will predict correctly.

---

Definitions:

Furosemide

A diuretic medication used to treat fluid build-up due to heart failure, liver disease, or kidney disease by increasing urine production.

Duration of Action

The length of time the effects of a drug or medication last after reaching its peak action.

Military Hours

A timekeeping system that runs from 0000 to 2359, eliminating the need for AM and PM designations.

Fluoxetine

A selective serotonin reuptake inhibitor (SSRI) medication commonly prescribed to treat depression, anxiety, and certain eating disorders.