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IS Graph 2
-On the graph above,unplanned inventory investment occurs if the economy is moving from point ________ to point ________.
Representativeness Heuristic
A cognitive shortcut where people categorize situations or individuals based on how similar they are to typical cases or categories they know.
Prototypes
Original models or first forms from which subsequent forms are derived or developed; in psychology, widely accepted examples of a certain category.
Heuristic
A mental shortcut or rule of thumb that simplifies decision-making but may not always lead to optimal outcomes.
Framing
How information is presented affects how that information is perceived and influences decisions.
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