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.

Principles of Economics, 7th Edition (MindTap Course List)
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ISBN:9781285165875
Author:N. Gregory Mankiw
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Chapter35: The Short-Run Trade-off Between Inflation And Unemployment
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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.

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