Answer:
Others did not suffer during the second half of the 18th century; indeed, the gradual Creole elites in Venezuela had good reason to fear
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
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Answer:
The brinkmanship of the Nuclear Arms Race lead to the advancements in the Space Race. Each of the superpowers continued trying to outdo each other in their weapon technology and this competition continued into the Space Race and creating space exploration technology.
