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Most economists belief that in the 1980s,a massive outflow of capital caused a current account deficit for the United States.
Psychophysical Threshold
The minimum level of stimulus intensity perceived by the sensory system.
Just Noticeable Difference
The smallest difference in stimulation required to detect a change in sensory inputs, also known as the difference threshold.
Detectable Difference
The minimum change in a stimulus that can be correctly identified as different from a reference stimulus a certain proportion of the time.
Ernst Weber
A pioneering psychologist best known for his work in the sensory perception field, including Weber's Law regarding the just-noticeable difference in stimuli.
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