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Reasons that the recession of 2008-2009 did not become a depression include i. The Fed bailed out troubled financial institutions
Ii. The government aggressively balanced its budget
Iii. The government increased its expenditures, which increased aggregate demand
IQ
An abbreviation for Intelligence Quotient, a standardized score used to measure human intelligence, derived from various tests.
Younger Adults
Individuals in an age group that typically ranges from late teens to early thirties.
Everyday Problem Solving
The cognitive process of tackling routine or familiar issues that arise in daily life.
Robert Sternberg
An American psychologist known for his theory on love and intelligence, among his many contributions to psychology.
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