The Concept of "Groupthink" Was Developed by ________

question 17

Multiple Choice

The concept of "groupthink" was developed by ________.

• A) Solomon Asch
• B) Stanley Milgram
• C) Irving Janis
• D) Georg Simmel

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Definitions:

Investment Accelerator

An economic theory suggesting that an increase in national or private investment spending stimulates overall economic growth, potentially leading to further increases in investment.

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Government Expenditures

The total amount spent by the government for its operations, public services, and social welfare programs.

Aggregate Spending

The total spending on goods and services in an economy at a given overall price level and in a given time period.