Question
The Latin term, Ceteris paribus, refers to: a. The outcome of an economic analysis. b. The assumption that all other things are held equal
The Latin term, "Ceteris paribus," refers to: a. The outcome of an economic analysis. b. The assumption that all other things are held equal when conducting an economic analysis. c. The fact that nothing changes when a market is in equilibrium. d. The mechanisms by which a market returns to equilibrium.
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Economics Today The Macro View
Authors: Roger LeRoy Miller
19th Edition
0134478762, 978-0134478760
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