If Kevin's children run a lemonade stand for a day and sell 200 glasses of lemonade at $0.50 each, their total revenues are

From the economic point of view, why might a retired couple spend four hours a day on the golf course when they could have spent their time becoming better informed about their elected representative in Congress?

A) They are going to die soon so it really doesn't matter. B) They must love golf and hate politics. C) The congressperson must have wronged them. D) They consider golfing a more productive use of their time.

Which of the following statements is true?

A) Nominal interest rate = real interest rate - expected inflation rate. B) Nominal interest rate = real interest rate + expected inflation rate. C) Real interest rate = nominal interest rate + expected inflation rate. D) Expected inflation rate = nominal interest rate + real interest rate. E) Expected inflation rate = real interest rate - nominal interest rate.