The correct answer is - A war between the colonies and Britain.
After the Declaration of Independence and what it actually meant and encouraged the people in the colonies to do, the expected reaction from the British Empire was that it will try to use military force in order to keep the colonies under its control. And the expectations were true, as the British did launched a military campaign against the rebelling colonies, but the Americans were prepared for this and managed to withstand their ground and gained their desired independence, and that was a major blow for the British, especially from economic perspective.
When people have more money and eagerly spend it, this increases demand, whereas demand-pull leads to inflation.
<h3>What is demand-pull inflation?</h3>
Demand-pull inflation is a monetary phenomenon where demand exceeds supply and increases prices.
- When the prices of raw materials/labor increase, it leads to an increase in the costs of production and results in higher prices for the consumers.
In conclusion, when people have more money and eagerly spend it, this increases demand, whereas demand-pull leads to inflation.
Learn more about demand-pull inflation here:
brainly.com/question/22872023
#SPJ4
The Columbian Exchange was the widespread transfer of plants, animals, culture, human populations, technology, and ideas
Answer: A system of supportive federalism emerged, as the authorities of the federal government expanded
Federal government is used to describe the government of the United States as a whole.Federalism is the idea that in the US government power is divided between the government of the US and the government of the individual states. The national government is sometimes called federal government because technically US can be considered a federation of states
