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

Infant industry protection" refers to:

a. countries' use of protection (tariffs and quotas) to protect their domestic manufacturing activities. b. countries' use of protection to protect their export activities. c. countries' use of short-term protection to protect young industries while they mature. d. countries' use of short-term protection to protect their agricultural activities.

Which one of the following is an example of a normative statement?

A) Public school teachers are not paid enough. B) The average public school teacher earns less than the average truck driver. C) The average public school teacher earns more than the average truck driver. D) Students in smaller classes perform better on standardized tests.