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A decrease in aggregate expenditure has what result on equilibrium GDP?
Ghetto of Poverty
A term highlighting the socio-economic and spatial entrapment of individuals in a cycle of poverty, often due to systemic inequalities.
Physiological Needs
Basic physical requirements for human survival, such as food, water, and shelter, as identified in Maslow's hierarchy of needs.
Behavior Psychology
A field of psychology focused on studying and understanding observable behaviors and the processes that underlie them.
John B. Watson
An American psychologist and one of the founders of behaviorism, emphasizing the importance of observable behavior over internal mental processes.
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