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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The event that set off World War I was the assassination of Archduke Franz Ferdinand of the Austro-Hungarian Empire and his wife Sophie by Gavrilo Princip, a Serbian nationalist, on June 28, 1914 in Sarajevo.
Answer:
The southern economy hugely depended on the use of slavery.
Explanation:
One important argument the South saw reasonable and justifiable to not abolish slavery was its dependence for the growth of its economy. In other words, the South's economy was maintained due to the work of the enslaved.
The South's economy was agriculturally based. They did not have factories and large businesses like the North did. They relied on farms and the growing of crops. There were many farms and plantations with too many crops to harvest for the owner, and that's when slavery came in. Not only did Slaves work on farms and plantations, they did manual labor including construction.
Because the southern economy was heavily dependent on slavery, southern slaveholders fought hard to keep slaves. This argument was probably the most reasonable reason to keep slavery made by the South, although it is just as cruel as any other reason for servitude.
To summarize: the South's economy would not survive without slavery, and southern citizens would not make as much money without them.
-<span>Acquaintance</span>
Answer:
i do not understand im cunfused pls provide more info
Explanation:
