1.Classify the following workers into ONE of the Five Types of Unemployment and why?Be Specific in your answer: (1) Amy is laid off from IBM as part of cost-cutting by the firm (2) Christie is laid off from department store after Christmas (3) Tom quits his present job and is looking for a job in teaching (4) Jim is till looking for a job due to higher minimum wage laws, (5) Jerry is laid off as a garbage collector, due to new machine at collects the trash instead.

2.Explain the following: (a) Inflation rate reported by the government is over-estimated based on the "real" rate that consumers experience,

(b) The unemployment rate reported by the government is under-estimated compared to the real unemployment in the economy.