In reality, idle resources must exist in the economy in order for the multiplier process to lead to an increase in Real GDP

Over the past few decades, the price of movie tickets:

A. has risen both in nominal terms and in real terms. B. has risen in nominal terms but has not risen in real terms. C. has fallen in nominal terms and in real terms. D. has risen in real terms but has not risen in nominal terms.

A shortage is eliminated when a. a binding price ceiling is removed

b. a binding price ceiling is enacted. c. a nonbinding price ceiling is repealed. d. a nonbinding price ceiling is imposed.