Use the following table to answer the next question.YearNominal Income (dollars)CPIReal Income (dollars)1$44,600130 2$48,200 $35,1833$51,000139 What is the value of the CPI in Year 2?

In recent times, there has been a decline in the sale of newspapers in the U.S. as people prefer to read the news on the internet. This has caused many newspaper journalists to lose their jobs. This is an example of: a. structural unemployment. b. frictional unemployment. c. cyclical unemployment

d. seasonal unemployment. e. underemployment.

Suppose an economy is initially in long-run equilibrium and it then experiences a supply shock in the form of exceptionally high energy prices. Which of these will be true in this economy? a. The short-run aggregate supply curve will shift leftward, and the long-run supply curve will shift rightward. b. The short-run aggregate supply curve and the long-run supply curve will shift rightward

c. The short-run aggregate supply curve will not shift, and the long-run aggregate supply curve will shift rightward. d. The short-run aggregate supply curve will shift rightward, but the long-run aggregate supply curve will not shift. e. The short-run aggregate supply curve and the long-run supply curve will shift leftward.