In the 1960s and the 1970s, the Advent of Psychotropic

question 2

Short Answer

In the 1960s and the 1970s, the advent of psychotropic medications allowed for many psychiatric patients to be released from hospitals in a public policy known as ________. Unfortunately, this led to a massive spike in the number of mentally ill homeless individuals.

---

Definitions:

Annual Payment

The amount of money that is paid once every year, either as an obligation, such as a loan repayment, or as part of a periodic agreement.

Installment Loan

A type of loan that is repaid over time with a set number of scheduled payments.

Annual Interest

The amount of interest paid or earned over a one-year period.

Present Value

The current value of a future amount of money or stream of cash flows, given a specified rate of return.