The argument that a tariff has to be imposed in order to protect any industry just getting started until it gets large enough to be competitive internationally is the

In the long run, a reduction in labor supply would cause output to ________ and the aggregate price level to ________

A) fall; rise B) fall; fall C) rise; fall D) rise; rise

Because business firms often finance new investments with borrowed money, a key determinant of investment spending is

a. tax rates. b. the price level. c. the rate of inflation. d. the real interest rate.