Multiple Choice
Which is NOT true regarding the 2009 stimulus plan enacted under President Obama?
A) The stimulus plan included new spending and tax cuts totaling $800 billion to $900 billion.
B) Many of the tax cuts were saved rather than spent.
C) Federal grants to states prevented massive state layoffs but also made state agencies highly dependent on the federal government for revenue.
D) The stimulus plan led to a high degree of crowding out of private investment.
Correct Answer:
Verified
Correct Answer:
Verified
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