Recessions Are Characterised by Points That Are Not Attainable on the Production

question 212

True/False

Recessions are characterised by points that are not attainable on the production possibilities curve.

---

Definitions:

Lock-up Clutch

A mechanism used in automatic transmissions that locks the engine directly to the transmission's output, improving fuel efficiency and performance.

Overrunning Clutch

A drive-protection mechanism that prevents a drive member from being driven; for instance, after a starter motor has started the engine, the overrunning clutch prevents the engine from driving the starter and damaging it.

Flex Plate

A metal disc that connects the engine to the torque converter in automatic transmissions, allowing power transfer.

Driven Member

A component in a mechanical system that receives motion or power from another component, rather than generating it.