Examlex
Suppose an economy is in a steady state,then its saving rate falls,once and permanently.As the economy approaches its new long-run steady state,consumption per worker is ________.
Construct
An idea or theory containing various conceptual elements, typically considered to be subjective and not based on empirical evidence.
Directs Behavior
Directing behavior refers to the ways in which cognitive processes, environmental cues, and personal goals influence an individual's actions and decision-making.
Constructs Predict
Theoretical concepts or ideas proposed to forecast outcomes or behaviors based on certain conditions.
Fundamental Postulate
A core principle in Kelly's personal construct theory stating that a person's processes are psychologically channelized by the ways in which he anticipates events.
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