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Which of the following refers to establishing an agreement with one party and then using the agreement to pressure others:
Production Possibilities Curve
A graph that shows the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized.
Production Possibilities Frontier
A graph that shows the various combinations of outputs that an economy can possibly produce given the available factors of production and the available production technology.
Recession
A transient phase of declining economic performance, with diminished trade and industrial production, often determined by a sequential fall in GDP for two quarters.
Economic Growth
An increase in the productive capacity of an economy, often measured by the rise in real GDP over a period of time.
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