The ceteris paribus assumption is used in economics
A) because economic theory is an accurate reflection of the real world.
B) to isolate the important variables when formulating a theory.
C) primarily to identify unstable equilibrium situations.
D) to make the theory more complicated
E) to distinguish economics from other disciplines.
Correct Answer:
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Q43: A major reason for the development of
Q44: Exhibit 2-3 Q45: A model is valid Q46: A hypothesis is Q49: Exhibit 2-3 Q50: A market economy in which the government Q51: Exhibit 2-3 Q52: The ceteris paribus assumption is always used Q53: Exhibit 2-3 Q233: What is the difference between microeconomics and Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)if it is based
A)an alternative to using models.
B)a
