Examlex
The ________ is the lowest rate of interest charged on business loans to the best business borrowers by the nation's leading banks.
Good Y
A generic term used in economic models to represent a particular product or service in the market.
Production Possibility Frontier
A curve depicting all maximum output possibilities for two goods, given a set amount of inputs, highlighting concepts of opportunity cost, efficiency, and trade-offs.
Idle Resources
Resources in an economy that are not being fully utilized, often leading to inefficiency.
Output
The total amount of goods and services produced by an economy or a production process.
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