Explain the difference among the seasonal, frictional, the structural, and the cyclical forms of unemployment.

Your answer to the homework has to be more than five(5) sentences for each question based on researched facts and logical analysis to earn the full credit.
Each Question needs to be 6-7 sentences long.
1) Explain the difference among the seasonal, frictional, the structural, and the cyclical forms of unemployment (2 points).
2) Differentiate among PPI, CPI, and GDP DEFLATOR
3) Define “natural rate of unemployment ” and “stagflation”
4) Compare Demand-pull inflation and Cost-push inflation
5) Is long-term discouraged workers classified as “employed” or “unemployed” or not in the labor force? Is it under or overestimate unemployment?

Q1) Global outsourcing, is it bad? because US manufacturing jobs went to China or India at the expense of US labors.
Q2)Global outsourcing, is it good? because US business can take an advantage of cheaper foreign labors to survive like an introduction of new technology such as robot or computer or can attract insourcing from overseas.
Q3) Global outsourcing, is it ugly? because US businesses can exploit sweatshops from overseas.
Q4) Global outsourcing, is it inevitable like new technology? The robot with artificial intelligence could replace human labor in the future.
Q5) Give us your personal verdict over Global outsourcing. Also, do you think which direction of trade policy is better for the economic welfare of the US as well as the rest of the world; one US policymakers continue to move the US toward a more open and global economy by promoting trade, or one US policymakers move the US toward more closed and isolated economy by protecting US industries?

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