He was the first black President of South Africa, he spent 27 years for trying to overthrow the pro-apartheid government. After he got out of prison, he worked to achieve human rights and a better place for the people of South Africa.
Banks make the most money and take the most risk with an interest rate of
18 percent because the more interest you give in the more risk you'll lose it.
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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Explanation:
Christian religion prove by buddhism