On the exhibit provided illustrate the short-run effects, Macroeconomics

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On the exhibit provided illustrate the short-run effects

Question: Use the accompanying diagram to answer questions a and b.

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?

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Macroeconomics: On the exhibit provided illustrate the short-run effects

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Macroeconomics: On the exhibit provided illustrate the short-run effects

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