If in Year 1 the price level was 100 and real GDP was $20 trillion and in Year 2 the price level was 105 and real GDP was $21 sillon, then the predominant change that occured in Year 2 was OA a decrease in aggregate demand an increase (shift to the right) in short-run aggregate supply OC. a decrease (shift to the left) in short-run pagregate supply OD an increase in aggregate demand

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Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.