Final answer:
Dysfunction in the CBM is viewed from a functionalist perspective, referring to disruptions in social institutions when they fail to adapt to changing social conditions.
Step-by-step explanation:
The concept of dysfunction is viewed in the CBM (Conflict and Critical Theories, Biosocial, and Micro-Macro Integration) from a functionalist perspective. According to Merton (1968), dysfunction refers to a function with the potential to disrupt social institutions or organization. In the context of the economy, dysfunction occurs when institutions fail to adapt quickly enough to changing social conditions, leading to disruptions such as the bursting of the housing bubble and the subsequent Great Recession.