which of these events would most likely cause a recession?
a. the price of gasoline rises by ten percent
b. political leaders pass large spending cuts
c. many people find new jobs at the same time
d. the value of total net exports rises unexpectedly
b. political leaders pass large spending cuts
Large spending cuts could lead to a decrease in economic activity, job losses, and potentially a decrease in consumer and business confidence, all of which could contribute to a recession.