Measuring expenditures and income with the price level held constant, so that any changes in these values represent changes in the actual amount of goods, services, and income is denoted in ________ terms

Which of the following statements is TRUE about the relationship between a firm's demand curve under perfect competition and monopoly?

A) Under perfect competition, the demand curve is perfectly elastic; under monopoly, the demand curve has elastic, unit-elastic and inelastic portions. B) Under monopoly, the demand curve is perfectly elastic; under perfect competition, the demand curve has elastic, unit-elastic and inelastic portions. C) The demand curves for a monopoly and perfect competition are always inelastic. D) We can define a demand curve under perfect competition but not under monopoly.

If a corporation fails, the last recipients of funds that may remain are

A) preferred stockholders. B) common stockholders. C) bond holders. D) government tax collectors.