Refer to the above table. The current account balance is

The decrease in the value of the capital that results from its use and obsolescence is

A) depreciation. B) net investment. C) appreciation. D) deconstruction. E) gross investment.

Consider two countries: Eastland and Westland. Eastland's long-run Phillips curve sits further to the right than does Westland's long-run Phillips curve. Eastland and Westland are identical in all other ways. In particular, they have the same money supply growth rates. In the long run, compared to Westland, which of the following will we observe in Eastland?

a. higher unemployment and higher inflation. b. higher unemployment and the same rate of inflation. c. lower unemployment and higher inflation. d. None of the above is correct.