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What is materialism? How is it related to the spread of terrorism, according to those who link terrorism to cultural explanations?
Great Depression
A severe worldwide economic downturn that lasted throughout the 1930s, marked by widespread unemployment, deflation, and a significant drop in global trade and output.
Annually Balancing
The process of adjusting or reconciling financial accounts or budgets to match or balance over a one-year period.
Cyclically Balanced Budget
A fiscal strategy where the government aims to balance its budget over the complete economic cycle, accumulating surpluses in boom periods and deficits during recessions.
Budget Deficits
A financial situation where a government's expenditures surpass its revenues.
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