When economists hold factors other than the one they are analyzing constant, they are demonstrating the principle of
a. circular flow analysis
b. consumer sovereignty
c. ceteris paribus
d. normative economics
e. scarcity modification
C
Economics
You might also like to view...
The unemployment rate is 10 per cent. The rate of job separation is 5 per cent. How high does the rate of job finding have to be to keep the unemployment rate constant?
A. 10 per cent B. 45 per cent C. 50 per cent D. 90 per cent
Economics
The unemployment rate is the number of
A) people looking for work divided by the population. B) jobless individuals divided by the total labor force. C) jobless people looking for work divided by the population. D) jobless individuals looking for work divided by those employed and unemployed but actively looking.
Economics