The "Other Things Equal" Assumption Is Employed When

question 32

Multiple Choice

The "other things equal" assumption is employed when

• A)the graph of a given relationship is shifting up or down.
• B)economists draw a two-dimensional (or two-axes) graph.
• C)the relationship is direct, but not when it is inverse.
• D)the relationship is inverse, but not when it is direct.

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Definitions:

Schemata

Cognitive structures or frameworks that help organize and interpret information in the brain.

Imagined Elements

Components or aspects of thought that exist purely in the mind and are not based on actual sensory experiences or reality.

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Memories that have been unconsciously blocked due to being associated with a high level of stress or trauma but may potentially be recovered.