If there were no credit markets, everyone would have to be on the production possibility frontier; there would be no other choice.

如果没有信贷市场,每个人的收入水平都会落在PPF曲线上,别无选择

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But if we have credit markets, then people can individually choose to be off the production possibility frontier and at a higher level of consumption than otherwise would.

但如果存在信贷市场，那么个人可以选择超越，P PF曲线的范围，达到比没有信贷市场时更高的消费水平。

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Irving Fisher also drew on the curve, a production possibility frontier for society, which he made downward-curved.

欧文·费雪还画了一条曲线，一条社会的生产可能性边界，他让它向下弯曲。

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The production possibility frontier at different horizons is in different places.

不同层面的生产可能性曲线,会有不同的位置

耶鲁公开课 - 金融市场课程节选

If there were no credit markets, everyone would have to be on the production possibility frontier; there would be no other choice.

如果没有信贷市场,每个人的收入水平都会落在PPF曲线上,别无选择

耶鲁公开课 - 金融市场课程节选

But if we have credit markets, then people can individually choose to be off the production possibility frontier and at a higher level of consumption than otherwise would.

但如果存在信贷市场,那么个人可以选择超越,PPF曲线的范围,达到比没有信贷市场时更高的消费水平

耶鲁公开课 - 金融市场课程节选

That efficiency will be crucial if the US is to stay on the boundary of its production possibility frontier in the face of automatic cuts in federal spending that began last month.

FORBES: Manufacturing Is Moving America