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5 Cards in this Set
- Front
- Back
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Anticipated Change
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A change that is forseen by decisio makers in time for them to make adjustments
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Unanticipated Chnage
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A change that decision makers could not reasonably forsee. The choices they made prior to the change did not take it into account
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Consumer Sentiment Index
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A measure of the optimism of consumers based on their responses to a set of questions about their current and expected future personal economic situation. Conducted by the university of MI, it is based on a representative sample of US households
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Productivity
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The average output produced per worker during a specific time period, it is usually measured in terms of output per hour worked
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Supply Shock
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An unexpected event that temporarily increases or decreases aggregate supply
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