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30 June, 04:15

The important act of holding all other variables constant while examining a particular variable is known as:

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  1. 30 June, 04:22
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    The answer is ceteris paribus. This is a Latin phrase that means "other things equal". Other English translations of the phrase also are the following: "all other things being equal" or "other things held constant" or "all else unchanged". This is significant to Economics since it aids isolate multiple independent variables affecting a dependent variable.
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