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The trial judge's decision in Baglow v Smith is important because it held that
Stability
A condition in which national output is growing steadily, with low inflation and full employment of resources.
Post Hoc, Ergo Propter Hoc
A logical fallacy that suggests a causal relationship because one event followed another in time, even though no causal connection exists.
Ceteris Paribus
A Latin phrase meaning "all other things being equal," used in economics to analyze the effect of one variable on another, holding all other factors constant.
Fallacy Of Logic
An error in reasoning that renders an argument invalid or undermines the argument's logical structure.
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