Use this link

https://www.cnbc.com/2022/03/21/russia-ukraine-war-oil-prices-jump-iea-calls-for-cut-in-energy-usage.html

read the article and then answer the following two questions.

1. How does this article relate to economics, explain what is going on using economic terms, what is going to happen to either the market for oil or the economy as a whole. Hint:you have learned one model of the macroeconomy so far, the PPF and you have learned the model for markets, the supply and demand model. Use these models to describe what is happening in the article and what the possible economic outcomes will be)

2.Graph (include a well-labeled graph of what you are describing in your analysis. Hint: you can use either the PPF model to describe what is happening, since oil is a major resource used in the production of almost everything, or you can use the model of the market to talk about what's happening in the oil market as a result of the storm) At least 1 graph of your own making. Your graph must be of an economic model you learned in class and should explain what is happening in the article. (A bar chart, line graph, etc that only display data will not be accepted).You can draw it out by hand or on the Computer.