Examlex
Combine each group of sentences into a single sentence. Use coordination, subordination, or one of the other ways of combining ideas. The Joad family lived in Oklahoma. The time was the 1930s, during the Great Depression.
Production Possibilities Frontier
A curve depicting all maximum output possibilities for two goods, given a set of inputs, representing the trade-off between different choices in the allocation of resources.
Recession
A significant decline in economic activity across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
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.
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