Refer to the figure below. If Laura and Chris are the only two consumers in this market then at a price of $2.50 per pound, the market demand for hamburger is: 
A. 4.5 pounds per week
B. 1.5 pounds per week
C. 3 pounds per week
D. 4 pounds per week
Answer: A
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In the equation of exchange, the concept that provides the link between M and PY is called
A) the velocity of money. B) aggregate demand. C) aggregate supply. D) the money multiplier.
Alan Greenspan's overall approach to monetary policy:
a. has been partly credited for the expansion of the 1990s. b. relied heavily on the monetization of debt during economic downturns. c. typically responded to economic downturns by lowering the federal funds rate. d. Both a and b are correct. e. both a and c are correct.
The number of times per year that a dollar is spent on final goods and services defines
A. GDP. B. the income velocity of money. C. the money supply. D. the price index.
Nick worked for a large boat dealer for years but now he wants to start his own boat and accessories shop. All of the following are challenges he may face EXCEPT
a. being underfunded. b. poor site selection. c. inability to adapt to changing market demands. d. not understanding legal and ethical responsibilities. e. pricing mistakes.