Answer:
Demand-pull inflation exists when aggregate demand for a good or service outweigh aggregate supply. It starts with an increase in total consumer demand. Sellers meet such an increase with more supply. But when additional supply is unavailable, sellers raise their prices. That results in demand-pull inflation.
This is commonly described as "too much money chasing too few goods."
Answer:
It had helped Britain become wealthier and all the other countries like France, Spain and Italy got excluded from international trade. Now those countries are doing fine, but Britain is "In the lead" of economy.
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The Gilded Age is most famous for the creation of a modern industrial economy.
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Most states granted voting to the property owners.
