Examlex
An increase in households' desired money holding causes a(n) _____ in interest rates. This causes a(n) _____ in investment spending and aggregate demand.
Talcott Parsons
An American sociologist known for his contributions to the field of sociology, including the development of the action theory and the system theory.
Robert K. Merton
An American sociologist known for developing theories such as the self-fulfilling prophecy, strain theory, and the roles of social structure in scientific knowledge.
Systems Theory
An interdisciplinary theory about the nature of complex systems in nature, society, and science, which suggests that entities can be understood as cohesive wholes.
Structural-Functionalism
From a sociological standpoint, this perspective considers society as a sophisticated entity where its elements are interconnected, working collectively to ensure cohesion and balance.
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