The Federal Reserve cannot affect the price level directly; therefore, the Fed typically uses the following as its policy target:

The Sherman Antitrust Act

a. outlawed restraints and monopolies that hindered trade. b. nationalized the railroads. c. established the FDA. d. applied only to banking.

A player's best response is

A) the strategy that maximizes his payoff given what he thinks the other player will do. B) a dominant strategy. C) impossible to find when there isn't a Nash equilibrium. D) a way to avoid the prisoners' dilemma.