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 government spending, which would have a negative impact on economic growth and potentially lead to a recession.