Author Question: Which of the following is not held constant in the short run when determining the aggregate supply ... (Read 53 times)

Garrulous · **on:** Jun 30, 2018

Which of the following is not held constant in the short run when determining the aggregate supply curve?
a. Interest rates
b. Rent
c. Wages
d. Profit
e. Price level

Question 2

The importance of the ceteris paribus assumption is that it:
a. allows one to separate normative economic issues from positive economic ones.
b. allows one to generalize from the whole to the individual.
c. allows one to analyze the relationship between two variables apart from the influence of other variables.
d. allows one to hold all variables constant so the economy can be carefully observed in a suspended state.