The important act of holding all other variables constant while examining a particular variable is known as:
A) constraint.
B) a normative statement.
C) a positive statement.
D) macroeconomics.
E) ceteris paribus.

Question

Quizplus · Accepted Answer

This is known as the ceteris paribus assumption in economics, which is the practice of holding all other variables constant except for the one being examined. This allows for a more accurate analysis of the relationship between the specific variable and the outcome.

The Important Act of Holding All Other Variables Constant While