Q4: Select the best option and justify your answer with appropriate example:

1. Workers laid off for a predictable part of the year make up:

a. Structural unemployment.b.cyclical unemployment.

c. Seasonal unemployment.d. frictional unemployment

2. Purchases made now to avoid higher future prices can lead to:

a. expectations inflation. b. demand-pull inflation.

c. cost push inflation.d. supply-shock inflation.