Author Question: On a graph showing the relationship between x and y, the ceteris paribus condition implies that ... (Read 63 times)

ahriuashd · **on:** Jun 29, 2018

On a graph showing the relationship between x and y, the ceteris paribus condition implies that

A) no other variables are related to x and y.
B) the value of x is held constant.
C) the value of y is held constant.
D) other variables not shown are held constant.

Question 2

According to your authors, a recessionary bust is

A) an inherent part of any market economy.
B) a correction of the mistakes generated during the prior expansionary boom.
C) an event that can be successfully recovered through fiscal stimulus policies.
D) identified by a rise in real GDP.