The Nonactivists Who Opposed the Recent Fiscal Stimulus Package Argue

Multiple Choice

The nonactivists who opposed the recent fiscal stimulus package argue that

A) fiscal stimulus would take too long to work because of long implementation lags.
B) fiscal stimulus might kick in after the economy had already recovered.
C) fiscal stimulus could lead to increased volatility in inflation and economic activity.
D) all of the above.
E) none of the above.