The term Ceteris paribus means that:
a. the model includes all important variables occurring in the real world.
b. all factors which influence the event are changing at the same time.
c. one influence is changing and everything else is being held constant.
d. the consumer is king.
c
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Money demand behavior may
A) change as a result of demographic trends or financial innovations such as electronic cash-transfer facilities. B) change only as a result of demographic trends. C) change only as a result of financial innovations such as electronic cash-transfer facilities. D) not change as a result of demographic trends or financial innovations such as electronic cash-transfer facilities. E) change as a result of demographic trends but not as a result of financial innovations such as electronic cash-transfer facilities.
Amy goes to college to become a nurse. This is an example of an
A. investment in human capital. B. increase in labor. C. investment in physical capital. D. increase in entrepreneurship.