According to my research on different psychological perspectives, I can say that based on the information provided within the question these psychologists are most likely working from the sociocultural perspective. This perspective combines aspects of social and cultural factors into one view. We can say this is the perspective being used because they are studying negative feedback affects on people (social) within different independent cultures (cultural).
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When a country's GDP or gross domestic product decreases for two consecutive quarters, the nation's economy is said to be in a state of decline. It will start to decrease if the goods and products are not being produced as usual.