An ice skater is spinning with her arms spread out, then pulls her arms in close to her body. How do various factors change when she brings her arms in?

Her moment of inertia decreases, and her angular momentum increases.
Her moment of inertia decreases, and her angular velocity increases.
Her moment of inertia increases, and her angular momentum decreases.
Her moment of inertia increases, and her angular velocity increases.

The correct answer is: Her moment of inertia decreases, and her angular velocity increases.