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)

based on the given change, what word (rises or falls) should go in blank (9) and blank (10), respectively, to summarize the resulting impact on short run equilibrium?
a) rises; rises
b) falls; falls
c) rises; falls
d) falls; rises

d)GDP falls; PRICE LEVEL rises

Explanation:

Income taxes affect the consumption of the families as it reduces the disposable income Y (1 -t) = disposable income

As in this case, the income tax rate increase the consumption in the economy will decrease. This decrease will shift the demand curve to the left making decrease the GDP of the economy.

Because, there is an inverse relationship between the GDP and the price level, a decrease in the GDP will generate an increase in the price level.

answer; correct answer is investing activity;

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.