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Author Question: By using the ceteris paribus assumption in conjunction with a model, economists can A) suspend ... (Read 38 times)

bio_gurl

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on: Jun 29, 2018
By using the ceteris paribus assumption in conjunction with a model, economists can
 
  A) suspend the rationality assumption.
  B) avoid having their model depend on any additional assumptions.
  C) hold certain factors constant.
  D) be sure that the model will predict correctly.

Question 2

Labor productivity increases when
 
  A) the average number of hours people work goes up.
  B) the unemployment rate decreases.
  C) the average output produced per worker during a specified time period increases.
  D) the average output produced per worker during a specified time period decreases.


Athena23

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


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