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INDEX OF CONSUMER SENTIMENT: A measure of consumer attitudes, preferences, and expectations concerning the state of the economy and business-cycle conditions that is compiled each month by the Survey Research Center at the University of Michigan. The Index of Consumer Sentiment is one of two primary measures of consumer attitudes. The other is the Consumer Confidence Index developed by The Conference Board.
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AUTONOMOUS CHANGE: A change in autonomous expenditures that sets in motion a change in the national income and gross domestic product through the multipiler. In terms of Keynesian economics and the Keynesian cross diagram, autonomous changes are seen as shifts in the aggregate expenditures line. Autonomous changes cause changes in income and production which then "induce" further changes in aggregate expenditures, especially consumption expenditures, which are induced changes. This two step process, autonomous changes causing induced changes, is key to explaining business cycle fluctuations. See also | autonomous expenditure | induced expenditure | aggregate expenditures line | Keynesian economics | Keynesian cross | multiplier | circular flow | accelerator | business cycle |
Recommended Citation:AUTONOMOUS CHANGE, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2025. [Accessed: July 1, 2025].
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CONSUMER CONFIDENCE, AGGREGATE DEMAND DETERMINANT One of several specific aggregate demand determinants assumed constant when the aggregate demand curve is constructed, and which shifts the aggregate demand curve when it changes. An increase in consumer confidence causes an increase (rightward shift) of the aggregate demand curve. A decrease in consumer confidence causes a decrease (leftward shift) of the aggregate demand curve. Other notable aggregate demand determinants include interest rates, federal deficit, inflationary expectations, and the money supply.
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BLUE PLACIDOLA
[What's This?]
Today, you are likely to spend a great deal of time at a flea market hoping to buy either a birthday greeting card for your grandmother or a coffee cup commemorating yesterday. Be on the lookout for vindictive digital clocks with revenge on their minds.
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Natural gas has no odor. The smell is added artificially so that leaks can be detected.
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"Experience keeps a dear school, but fools will learn in no other. " -- Benjamin Franklin
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JEL
Journal of Economic Literature
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