The time between when income taxes are cut and when consumption spending increases is an example of:
A) the outside lag of macroeconomic policy.
B) the inside lag of macroeconomic policy.
C) the outside lag of monetary policy.
D) the inside lag of fiscal policy.
An economy with a trade surplus must also have:
A) a trade deficit.
B) a budget surplus.
C) positive net capital outflows.
D) positive net capital inflows.