Exhibit 8-2 Given Change in Economic Factor Real GDP Price Level Increase in foreign real national income (1) (2) Decrease in wage rates (3) (4) Beneficial supply shock (5) (6) Decrease in government purchases (7) (8) Increase in personal income taxes (9) (10) Decrease in labor productivity (11) (12) Refer to Exhibit 8-2. What word (rises or falls) should go in blank (3) and blank (4), respectively, to summarize the resulting impact on short run equilibrium of the given change in the economy? O a. rises; falls O b. rises; rises O c. falls; falls O d. falls; rises