What is the effect of an increase in the money supply in the economy? Question 2 options: a) It increases inflation in the short run. b) It increases unemployment in the short run. c) It increases unemployment in the long run. d) It increases inflation in the long run.Last year, real GDP per person in Midlothian was $8000. The year before, it was $6000. What was the growth rate of real GDP per person? Question 3 options: a) 16.2 percent b) 25 percent c) 10 percent d) 33.33 percent