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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Answer:
Changing the clocks does not create extra daylight, but it causes the Sun to rise and set at a later time by the clock. So, when we spring forward an hour in spring, we add 1 hour of natural daylight to our afternoon schedule. Proponents of DST argue that longer evenings motivate people to get out of the house.
Explanation:
