Asked by
Olayinka Olakunle
on Nov 26, 2024Verified
Another way of saying " ceteris paribus" is
A) other things equal.
B) in general.
C) in reality.
D) because of this.
Ceteris Paribus
A Latin phrase meaning "all other things being equal," used to analyze the effect of one variable on another by holding all other relevant factors constant.
Other Things Equal
A Latin term (ceteris paribus) used in economics to signify examining the effect of one changing factor when all other factors remain constant.
- Employ the ceteris paribus assumption for the purpose of isolating variables during economic examination.
Verified Answer
MD
Learning Objectives
- Employ the ceteris paribus assumption for the purpose of isolating variables during economic examination.
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