There is no trade-off between inflation and unemployment when expectations are ________ and policy changes are ________

A new financial innovation results in people switching their funds from checking deposits to savings accounts. The quantity of M1 ________ and the quantity of M2 ________

A) decreases; decreases B) increases; decreases C) decreases; does not change D) decreases; increases

If total utility from consuming two cups of coffee is 20 utils, and if the total utility from consuming three cups of coffee is 25 utils, then which of the following is the marginal utility of the third cup of coffee? a. 0

b. 5. c. 10. d. 20. e. 25.