When Economists Use the Term "Ceteris Paribus," They Mean That

question 156

Multiple Choice

When economists use the term "ceteris paribus," they mean that:

• A)​the causal 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 rather than positive economic analysis.

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Definitions:

Childhood Memories

Recollections of past events and experiences from one's early years, often having a lasting impact on an individual's identity and psychological development.

Memory Trace

A term describing the physical or chemical changes that take place in the brain during the formation of a memory.

Anterograde Amnesia

An inability to form new memories following an event that caused the amnesia, even though recall of past events may be unaffected.

Retrieval Failure

The inability to recall information from the memory storage despite it being available and stored.