Which of the following factors could cause the economy to experience supply-side inflation? A. Increased security about jobs and future income. B. The development of new technology to increase productivity. C. Government laws which say that the average work week must be reduced by one hour every year. D. Increases in the number of immigrants allowed into the country.

C. Government laws which say that the average work week must be reduced by one hour every year.

Explanation:

Supply side inflation or cost push inflation occurs when an input into the production process increases in value due to scarcity. It occurs when there is higher cost of production, resulting in decreased aggregate supply.

A reduction in the hours of service provided by labour will lead to scarcity, this will cause an increase in the price of labour. Since labour is a major input in production, increased cost of labour will reduce aggregate supply. This is supply side inflation.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know