Graphing Aggregate Demand and Aggregate Supply Changes in the Equilibrium Price Level and Output: For each situation described, illustrate the change on e AD/AS graph and describe the effect on the equilibrium price level and real gross domestic product by cling the correct arrow ( 1 for increase, I for decrease, - for unchanged). Scenario: Economic booms in both Canada and Graph the Condition of the Economy Mexico result in massive increases in orders for exported goods from the United States. PL AS Price level 1 1 Real GDP 1 1 - Unemployment 1 1 - AD Real GDP Scenario: While the United States was in the Graph the Condition of the Economy midst of a deep recession, Japan attacked. Congress declared war and defense spending increased several times over. Price level 1 1 - Real GDP 1 1 Unemployment 1 1 - Graph the Condition of the Economy Scenario: A terrible drought results in the worst corn and wheat yields in 40 years. Most major food producers cannot get the ingredients they need to make their products. Price level 1 1 Real GDP 1 4 - Unemployment 1 1