Multiple Choice
What does the term "ceteris paribus" mean when used by an economist?
A) Their conclusions are based on normative rather than positive economic analysis.
B) The causal relationship between two economic variables cannot be determined.
C) The analysis is True for the individual but not for the economy as a whole.
D) All other variables except the ones specified are assumed to be constant.
Correct Answer:
Verified
Correct Answer:
Verified
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