Scenario: An enemy power sets up a blockade of the sea lanes leading to a country, and most Graph the Condition of the Economy ships refuse to deliver cargo through the blockade. Price level 1 1 - Real GDP 1 1 Unemployment 1 Graph the Condition of the Economy Scenario: News of possible future layoffs frightens the public into reducing spending and increasing saving for the feared "rainy day." Price level 1 1 - Real GDP 1 4 - Unemployment 1 1 - Eve