Question 3: At the beginning of 2022, you received a 2% increase in your annual salary to adjust it for inflation. Then you took a principles of macroeconomics class and came across this BLS release from January 17, 2023: (https://www.bls.gov/opub/ted/2023/consumer-price-index-2022-in- review.htm ): Consumer prices for all items rose 6.5 percent from December 2021 to December 2022. Food prices increased 10.4 percent, reflecting an 11.8-percent increase in prices for food at home and an 8.3- percent increase in prices for food away from home. Please explain how the real value of your salary changed considering this inflation data. Question 4: Classify the below workers as cyclically unemployed, frictionally unemployed, or structurally unemployed. [1 point each]. Worker A: "I am a stand-up comedian. Well, I was a stand-up comedian. I lost my job during the last recession, and I still haven't found work. This isn't a joke." Worker B: "I used to repair portable CD players, like the Sony Walkman. Do you remember the Sony Walkman? Well, anyways, I used to repair those. But there isn't much demand for that skillset anymore." Worker C: "I just graduated from Ohio State with a double major and pretty serious resume. I'm applying for a bunch of jobs....and waiting to be called back. This is so frustrating."