The Principal Difference Between Shantytowns and Slums Is That Shantytowns

question 44

Multiple Choice

The principal difference between shantytowns and slums is that shantytowns are

• A) Maintained by the city
• B) Built by the city but condemned
• C) Illegal and built by residents
• D) Legal but below code
• E) Built on land that the residents own

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Definitions:

Stagflation

A situation in economic where slow economic growth and high unemployment occur simultaneously with rising prices (inflation).

Aggregate Demand

Total pull for goods and services in an economy, measured at a specific wide price level during a prescribed time scope.

Economic Boom

A period characterized by significant expansion in the economy, marked by increased production and consumption, lower unemployment rates, and robust economic growth.

Government Expenditures

Represents the total spending by the government on goods, services, and public works.