Determine how the following scenarios will impact both the price level and GDP of an open economy in the short run. 1. The price of natural gas (important resource for production) decreases. (2 points - Make sure to address both the price level and GDP in your response.) 2. A decrease in net exports. (2 points) 3. A tight labor market increases worker wages. (2 points) 4. Increase in business investment. (2 points)