Refer to the Diagram for a Private Closed Economy

question 99

Multiple Choice

Refer to the diagram for a private closed economy. Aggregate saving in this economy will be zero when

• A) C + Ig cuts the 45-degree line.
• B) GDP is $180 billion.
• C) GDP is $60 billion.
• D) GDP is also zero.

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Definitions:

Reciprocal Determinism

Bandura’s model that includes environment, behavior, and person as mutually interacting factors.

Bandura

Albert Bandura, a psychologist known for his work on social learning theory and the concept of self-efficacy.

Outcome Expectancies

Beliefs about the outcomes that will result from engaging in a particular behavior.

Health Habits

Regular practices or behaviors engaged in by individuals that can influence their overall health and well-being.