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Homework answers / question archive / The important act of holding all other variables constant while examining a particular variable is known as a
The important act of holding all other variables constant while examining a particular variable is known as
a. endogeneity.
b. a normative statement.
c. a positive statement.
d. macroeconomics.
e. ceteris paribus.
The correct option is:
e. ceteris paribus.
Ceteris Paribus is derived from Latin that means "all other things constant". Ceterus Paribus is an important assumption in most of the economic theories and assumptions.
