The correct statements about the exponential function \( y = 2^x \) are as follows:
- It increases steadily for all values of x - This is true.
- It increases quickly as x increases - This is also true, especially for larger values of \( x \).
- It levels out for large values of x - This is false; exponential functions do not level out; they keep increasing.
- It slowly grows for large values of x - This is false; it actually grows rapidly for large \( x \).
Thus, the two correct statements are "It increases steadily for all values of x" and "It increases quickly as x increases."