Which of the Following Is a Major Deficiency of Fiscal

Multiple Choice

Which of the following is a major deficiency of fiscal policy as a stabilization tool?

A) Congress is reluctant to make changes in either taxes or expenditures.
B) The Constitution requires the president to submit and Congress to pass a balanced budget.
C) Both political and economic factors make it unlikely that changes in fiscal policy will be timed correctly.
D) A change in fiscal policy exerts major effects on the economy quickly.