Problem
1. Discuss how each of the following sources of real business cycles would affect the economy:
a. Farmers go on strike for six months.
b. Oil prices fall substantially.
c. Particularly favorable weather increases agricultural output nationwide.
2. Using an aggregate demand and aggregate supply diagram, illustrate and explain how a political business cycle is created.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.