Ceteris paribus means that:
A)if event A precedes event B, A has caused B
B)economics deals with facts, not values
C)if event A happens then event B cannot happen
D)prosperity inevitably follows recession
E)all other things remain the same

Question

Quizplus · Accepted Answer

Ceteris paribus means "all other things being equal" or "other things held constant." This means that in a given analysis or comparison, any changes in one variable are assumed to be caused solely by changes in another variable, while all other factors remain constant.

Ceteris Paribus Means That