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Ceteris paribus means all else equal. This is especially popular in the study of economics. It is used a lot in economic because it studies the complex relationships of human behavior and the market. The concept of ceteris paribus is used look at one change while holding everything else constant to gain an understanding of what changes in a complex web of relationships. An example in macroeconomics is what would happen if the interest rate increased while all other factors remained constant like: economic output, unemployment, input price, and whole wide plethora of other variables. It is useful to understand this in order to see in future situations how these variables can be manipulated in order to avoid economic disaster like rampant inflation or depression so that the welfare of the people is not dramatically affected.
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What is the name of the assumption that means holding all things constant?
ceteris paribus
Why do economist used ceteris paribus?
Economists used ceteris paribus to separate cause and effect by holding all other things constant.
What is the ceteris paribus clause in economics?
The ceteris paribus clause means, in economics, that other factors will remain unchanged. For example: If you lower the price in a demand curve, quantity demanded will increase but other affecting factors will remain.
What is the significant of ceteris paribus for study of demand?
Ceteris paribus means all other factors remain the same, so if you want to see what happens when demand changes, you have to eliminate any other changes that may affect the results of your study.
The ceteris paribus assumption is used in economics?
yes
What is the ceteris paribuss?
Ceteris paribus means "with all other things being equal or held constant."
The Latin expression ceteris paribus means?
Ceteris Paribus means "assuming all else is held constant". The author using ceteris paribus is attempting to distinguish an effect of one kind of change from any others.Index from: http://economics.about.com/od/termsbeginningwithc/g/ceteris_paribus.htm
What is the name of the assumption that means holding all things constant?
ceteris paribus
What is the Latin phrase economists use that means all else equal?
ceteris paribus.
Why do economist used ceteris paribus?
Economists used ceteris paribus to separate cause and effect by holding all other things constant.
What is the ceteris paribus clause in economics?
The ceteris paribus clause means, in economics, that other factors will remain unchanged. For example: If you lower the price in a demand curve, quantity demanded will increase but other affecting factors will remain.
What is the ceteris paribus assumption?
Ceteris paribus is a Latin phrase used widely in economics. It assumes that all things are equal, excluding outside variables.
Is holding other variables constant called ceteris paribus?
Ceteris paribus does translate into meaning "all other things being equal or held constant.
What is the significant of ceteris paribus for study of demand?
Ceteris paribus means all other factors remain the same, so if you want to see what happens when demand changes, you have to eliminate any other changes that may affect the results of your study.
The ceteris paribus assumption is used in economics?
yes
What is the meaning is the phrase ceteris paribus to an economist?
It means "everything else being equal". Not just to an economist, BTW
What the meaning of the phrase ceteris paribus to an economist?
It means "everything else being equal". Not just to an economist, BTW
