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"Ceteris Paribus" Assumption Means

Question 118

Multiple Choice

"Ceteris paribus" assumption means


A) the role of rational self-interest in the economy.
B) that nothing else changes except the variables under consideration.
C) relying on real-world data in evaluating the usefulness of a model.
D) analysis that is strictly limited to making either purely descriptive statements or scientific predictions.

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