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When Economists Use the Term Ceteris Paribus , They Are

Question 24

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When economists use the term Ceteris paribus , they are indicating that:


A) the 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 economics rather than positive economic analysis.

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