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When Economists Use the Term Ceteris Paribus, They Indicate

Question 101

Multiple Choice

When economists use the term ceteris paribus, they indicate


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 factors are assumed to be constant.
D) their conclusions are based on normative economics rather than positive economic analysis.

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