Consider the Stimulus Package or the American Recovery and Re-investment Act (ARRA) of 2009. It increased government expenditures by roughly $750 billion. Why are we not seeing the increased GDP as yet? Your answer is----
A. There may have been some crowding out effect.
B. There is time inconsistency problem
C. There is some monetary accommodation leading to higher money supply
D. All of the above are logical explanations of ineffective increase in government expenditure.