The assumption that "other things are constant" is also known as the
A) ceteris paribus assumption.
B) rational self-interest assumption.
C) distinguishing characteristic of economics as a science.
D) relationships assumption.
A
Economics
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Explain how the firm decides on the optimal amount of research and development
What will be an ideal response?
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When prices are predetermined, the level of output that equals aggregate expenditure is called ________ output.
A. induced B. short-run equilibrium C. potential D. the natural rate of
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