Of the following, the one that appears in the current account of the balance of payments is
A) an Italian investor's purchase of IBM stock.
B) income earned by U.S. subsidiaries of Barclay's Bank of London.
C) a loan by a Swiss bank to an American corporation.
D) a purchase of a British Treasury bond by the Fed.
B
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Individuals with homeowner's insurance tend to be more forgetful about locking their possessions safely before heading out. This is an example of
a. Adverse selection b. Moral hazard c. Screening d. None of the above
Use the following graph to answer the next question.
If aggregate supply shifts from AS1 to AS2, then the price level will ________.
A. decrease and real domestic output will increase B. decrease and real domestic output will decrease C. increase and real domestic output will increase D. increase and real domestic output will decrease