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18. Refer to the gure above to answer this question. According to neoclassicists, which of the following is true? A. The horizontal axes of both

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18. Refer to the gure above to answer this question. According to neoclassicists, which of the following is true? A. The horizontal axes of both graphs A and B show nominal GDP. B. It is not possible for an economy to be at Y2 in graph B. C. The shift from AD3 to AD4 is caused by an increase in the price level. D. Graph A illustrates that changes in aggregate demand have no effect on the price level. E. Graph B illustrates a Laffer-curve-type trade-off

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