Discuss how each of the following sources of real business cycles would affect the economy. a. Farmers
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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.
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The natural rate of unemployment also known as the nonaccelerating inflation rate of unemployment NAIRU is the rate of unemployment that exists when t...View the full answer
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