Examlex
Calculate ΔU of a gas for a process in which the gas absorbs 45 J of heat and does 11 J of work by expanding.
Depression
A prolonged and severe downturn in economic activity, characterized by high unemployment, falling prices, and reduced levels of trade and investment.
Production Possibilities Frontier
A graph illustrating the maximum possible output combinations for two products that a country can produce given its technological capabilities and quantity of inputs.
Unemployment
The situation when individuals who are capable of working and are actively seeking employment are unable to find a job.
Production Possibilities Curve
A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology.
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