Card 100 / 145: Which of the following is NOT true regarding the 2009 stimulus plan enacted under President Obama?
A) Federal grants to states prevented massive state layoffs but also made state agencies highly dependent on the federal government for revenue.
B) The stimulus plan led to a high degree of crowding out of private investment.
C) The stimulus plan included spending and tax cuts totaling $800 billion to $900 billion.
D) Many of the tax cuts were saved rather than spent.

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