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The great recession (GR) caused the economy to produce less than what it optimally can, which makes the production possibility curve (PPC) shift inward. is

The great recession (GR) caused the economy to produce less than what it optimally can, which makes the production possibility curve (PPC) shift inward.

is that quite accurate? an is it inward shift of the PPC or is it illustrated another way? What is the difference between economic activity and economic growth or possibility?

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