Answer:
Homer Plessy bought a first class train ticket and sat down in the ‘whites only’ section of the train. Blank
Explanation:
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
Mercantilism was all about being self sufficient while growing economically so that meant that they needed colonies for resource exploitation. In order to get them, the countries had to fight other countries who wanted them because they all knew that the colonies would help them become the strongest on the continent.