Answer
$$|xy|$$
Work Step by Step
Recall:
(1) $\sqrt{x^2}=|x|$
(2) $(a^mb^m)=(ab)^m$
Use rule (2) above to obtain:
\begin{align*}
\sqrt{x^2y^2}&=\sqrt{(xy)^2}
\end{align*}
Use rule (1) above to obtain:
\begin{align*}
\sqrt{(xy)^2}&=|xy|
\end{align*}