Monopolistic competitors in long-run equilibrium will generally find that they are earning economic profits

Ultimately, tariffs ________ the ability of foreign countries to buy the domestic country's exports and therefore ________ wealth

A) increase; create B) increase; destroy C) reduce; create D) reduce; destroy

As labor increases, there is a

A) shift of the aggregate production function, but no movement along it. B) movement along the aggregate production function, but no shift in it. C) movement along the aggregate production function and real GDP will increase less with each additional increase in labor. D) movement along the aggregate production function and real GDP will decrease less with each additional increase in labor.