Assume the economy is operating at a real GDP above full-employment real GDP. Keynesian economists would prescribe which of the following policies?

The first successful application of continuous process manufacturing was in:

a. textile mills. b. automobile manufacturing. c. manufacturing of guns. d. grain milling.

If a firm sells its output at a price greater than AVC, it will earn economic profit

a. True b. False Indicate whether the statement is true or false