-In the above figure, suppose the economy is at point A initially. For real GDP to increase to and
Consistently remain above $13 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) Both I and II are correct.
C) only II
D) Neither I nor II is correct.

Question

-In the above figure, suppose the economy is at point A initially. For real GDP to increase to and
Consistently remain above $13 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) Both I and II are correct. 
C) only II 
D) Neither I nor II is correct.

Quizplus · Accepted Answer

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 $13 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) Both I and II are correct. 
C) only II 
D) Neither I nor II is correct.

-In the Above Figure, Suppose the Economy Is at Point