If a product exhibits increasing returns to scale, then the average cost of making the product will ______ as its production decreases?

Cash welfare is now much less of a national program

Indicate whether the statement is true or false

The Keynesian perspective on the effect of an increase in taxes is that this policy action

A) generates reductions in consumption and in saving. B) generates reductions in consumption and an increase in saving to pay for the new taxes. C) has no impact on consumption. D) increases current consumption and reduces future consumption.