"Ceteris paribus" means
A) "invisible hand."
B) "other things equal."
C) "making all the necessary changes."
D) "at the aggregate level."

Question

Quizplus · Accepted Answer

"Ceteris paribus" is a Latin phrase that means "other things equal" or "all other things being equal." It is often used in economics to analyze the effect of a specific change on a variable, assuming that all other factors remain constant. Therefore, the best choice is B.

"Ceteris Paribus" Means