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:
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It was the "c. Magna Carta" that limited the British monarch’s right to tax and guaranteed due process. This was the first true document of its kind that promised basic human rights.
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They are chinese. lol you didnt give us options
