The ceteris paribus, or everything else held constant, assumption is used in economics primarily to identify unstable equilibrium situations.
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Q53: Exhibit 2-3 Q54: Explain how economic models are similar to Q55: Explain how new models or theories are Q56: The figure below shows the relationship of Q57: In describing the relationship between X and Q59: Economics was originally called Q60: Those who support a laissez faire system Q61: To argue that economics is a partisan Q62: A laissez faire system is an economy Q63: Which of the following is a normative
A)political engineering.
B)political economy.
C)economic physics.
D)social
A)believe
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