3. (11!I points) In the spring of 2022, a tornado strikes the Atlanta metropolitan area with devastating effect, damaging many buildings and immobilizing the region's infrastructure. Although a few lives were lost, these losseswhile tragicwere small relative to the size of the region's work force. Using this information, answer the following: How, if at all, do you expect Atlanta's economy to move on the production function once virtually all services have has been restored and people are fully back to work [4 points)? The production function has [shifted up, shifted down, remained unchanged] because The supply of labor will (rise meaningfully, fall meaningfully, be essentially unchanged]: The supply of capital will [rise meaningfully, fall meaningfully, be essentially unchanged}: Would you expect the real wage in Atlanta to change meaningfully as a result? If so, in which direction? What about the real cost of capital? Back up both claims with the appropriate diagram and give an intuitive explanation for these results. [6 points in total2 points for a correct answer for the real wage and for the real cost of capital; ll points for correct diagrams.) Real wage (up, down, unchanged Real cost of capital (up, down, unchanged?) Explanation 81 diagrams (use p. 4}