The Latin phrase ceteris paribus refers to holding other variables constant.
Answer the following statement true (T) or false (F)
True
We must hold many variables constant when we study how one variable affects another.
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
The marginal rate of substitution represents the maximum amount of one commodity a consumer is willing to give up in exchange for one more unit of another commodity.
Answer the following statement true (T) or false (F)
Relative to a perfectly competitive market with the same cost and demand, a single-price monopolist produces ________ output and has a ________ price
A) more; higher B) less; lower C) more; lower D) less; higher
Traditional Keynesians would argue that fluctuations in aggregate demand are closely tied to fluctuations in investment
a. True b. False Indicate whether the statement is true or false