1 (a) Describe the differences between frictional and structural unemployment (10 marks) (b) Explain how the following events below affects the unemployment level: (i) A reduction in unemployment benefits (2 marks) (ii) A shift in the structure of the economy as the Covid pandemic comes to an end (2 marks) (iii) An increase in preference for hiring workers on short-term contracts (2 marks) (iv) Increased use of Artificial Intelligence (AI) in the financial services and education industries (2 marks) (v) Several major banks in the country declare insolvency and are unable to continue their business (2 marks)