The Board of Governors of the Federal Reserve System is the key decision maker for monetary policy.

In 2012, more than 60% of the privately held national debt was held by

a. foreign investors. b. Federal Reserve banks. c. large corporations. d. government trust funds.

In some games, one firm may avoid taking advantage of another firm because it knows that the other firm can take advantage of it in subsequent games. This behavior is called:

A. The first-mover advantage B. Reciprocity C. Price leadership D. Preemption of entry