In the above figure, suppose the economy is at point A initially. For real GDP to increase to and
Consistently remain above $12 trillion,
I. the price level must increase to above 90.
II. there must be continued increases in the quantity of money.
A) only I
B) only II
C) Neither I nor II is correct.
D) Both I and II are correct.

Question

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The Answer of In the above figure, suppose the economy is at point A initially. For real GDP to increase to and
Consistently remain above $12 trillion,
I. the price level must increase to above 90.
II. there must be continued increases in the quantity of money.
A) only I
B) only II
C) Neither I nor II is correct.
D) Both I and II are correct.

In the Above Figure, Suppose the Economy Is at Point