Out of application memory error
I'm getting the "Your system has run out of application memory" error constantly. At first it was when I using Photoshop or Lightroom, but lately it doesn't take much to trigger it. For example, just now my computer only had Acrobat Pro DC, Mail, Microsoft Word, and Finder running for a total of 700 mb of memory usage. This is on a 2016 MacBook Pro running Monterey version 12.4 with 16 GB ram and a 1 TB SSD that has over 400 GB free. The system report shows that both RAM memory slots have an OK status. I've tried restarting, moving even more data to external storage, making sure all updates are installed, etc. Any suggestions would be much appreciated.
MacBook Pro 15″, macOS 12.4