Figure 19-2
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Of the graphs in Figure 19-2, where the broken line represents the fixed exchange rates, which one shows how a balance of payments deficit could be reduced through a recession in Japan?

A price floor policy establishes a minimum price for a market. Which of the following results from a binding price floor?

A. Shortage B. Excess demand C. Excess supply D. Equilibrium

One reason that it might be difficult for a player to determine his best strategy is that

A) he might have limited ability to calculate the possible outcomes. B) he is irrational. C) there is no pure strategy. D) there are multiple Nash equilibria.