Explain the basic idea behind the Big Push model?
What will be an ideal response?
What you expect for an answer depends on what you cover in lecture.
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The Robinson-Patman act
a. Is a part of the antitrust laws b. Makes it illegal to give a price discount on a good sold to another business c. Makes it illegal to give a price discount on a good sold to final customers d. Both A&B
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
An effective price ceiling is best defined as a price:
A. lower than any supplier is willing to sell. B. imposed by government below equilibrium price. C. higher than any consumer is willing to pay. D. imposed by government above equilibrium price.
Explain the two basic mechanisms that increase GDP per capita over the long term
What will be an ideal response?