Examlex
In response to a decrease in output, the economy would revert to its original level of prices and output whether the decrease in output was caused by a decrease in aggregate demand or a decrease in short-run aggregate supply.
Potential
The inherent ability or capacity for growth, development, or coming into being.
Behaviorism
The view that psychology should be an objective science that studies behavior without reference to mental processes. Most research psychologists today agree with the first part but not with the second part.
Mental Processes
refer to internal, subjective experiences we infer from behavior, including thoughts, beliefs, and feelings.
Observable Human Activity
Actions or behaviors that can be seen and measured directly by others.
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