Its role is to determine causation. It helps isolate multiple independent variables affecting a dependent variable.
Step-by-step explanation:
Ceteris paribus is a Latin phrase that generally means "all other things being equal." In economics, it acts as a shorthand indication of the effect one economic variable has on another, provided all other variables remain the same. ... In reality, one can never assume "all other things being equal."
Answers & Comments
Answer:
Its role is to determine causation. It helps isolate multiple independent variables affecting a dependent variable.
Step-by-step explanation:
Ceteris paribus is a Latin phrase that generally means "all other things being equal." In economics, it acts as a shorthand indication of the effect one economic variable has on another, provided all other variables remain the same. ... In reality, one can never assume "all other things being equal."
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