In the long run, a decrease in money supply, with the velocity of money stable or not decreasing, results in inflation

You won the "$1,000 per year forever" lottery. You decided to convert such prize into a lump sum payment. The interest rate is 2% per year. How much is this lump sum payment?

A) $25,000 B) $1,000 C) $50,000 D) $365,000

The budget constraint 12,000 = 2X + 4Y has a slope equal to –2 where Y is on the vertical axis

Indicate whether the statement is true or false