23) If potential GDP is growing by 2 percent per year and the Federal Reserve increases the money supply by 8 percent this year, according to the Quantity Theory of Money what will be this year's inflation rate?

(no explanation required)

10 percent

6 percent

2 percent

4 percent

24) As you move down a short-run Phillips Curve, it is true that expected inflation:

(no explanation required)

decreases

is equal to actual inflation

remains constant

increases