Franklin D. Roosevelt's nationwide "Bank Holiday" in March 1933 merely finished the job started by the governors of the states, who were already closing down the banking systems

If nations such as Germany, Japan, and the United States prohibited international trade in automobiles, a likely effect would be that

a. the price effect would become a more significant consideration for each firm that makes automobiles. b. the excess of price over marginal cost would become less pronounced in the automobile market. c. all countries would become better off. d. automobile producers in the U.S. would collude to produce a large number of cars.

Potential GDP is an estimate of the economy’s ability to produce goods and services if the

A. labor force is fully employed. B. price level is stable. C. trade balance is zero. D. federal budget is balanced.