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Using the Keynesian Model,the Effect of a Government-Imposed Ceiling on Interest

Question 62

Multiple Choice

Using the Keynesian model,the effect of a government-imposed ceiling on interest rates paid on personal checking accounts that is lower than the current market interest rate would be to cause ________ in the real interest rate and ________ in output in the short run.


A) a decrease; a decrease
B) a decrease; no change
C) a decrease; an increase
D) an increase; a decrease

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