-In the above figure, suppose the economy is at point A initially. For real GDP to increase to and consistently remain above $16 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) Both I and II are correct.
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 $16 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) Both I and II are correct. 
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 $16 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) Both I and II are correct. 
D) Neither I nor II is correct.

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