Question: Use the accompanying diagram to answer questions a and b.
![1790_Real GDP.png](https://secure.tutorsglobe.com/CMSImages/1790_Real GDP.png)
a. On the exhibit provided, illustrate the short-run effects of a decrease in aggregate demand. What happens to the price level, real output, employment, and unemployment?
b. On the exhibit provided, illustrate the long-run effects of a decrease in aggregate demand. What happens to the price level, real output, employment, and unemployment?