In a typical year, ________ new firms open in the United States

As competitors enter a monopolistically competitive industry, the incumbent firms demand curves shift

a. To the left and become less elastic b. To the right and becomes less elastic c. To the left and becomes more elastic d. To the right and becomes more elastic

In national income accounting, we use which of the following pairs of terms interchangeably?

a. "investment" and "private saving" b. "investment" and "purchases of stocks and bonds" c. "saving" and "national saving" d. "public saving" and "government tax revenue minus government spending"