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The principal difference between shantytowns and slums is that shantytowns are
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.
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Q108: Refer to the table below. According