Political leaders passing large spending cuts would most likely cause a recession. Large cuts in government spending can lead to decreased aggregate demand, reduced consumer confidence, and potential job losses, all of which can contribute to an economic downturn.
Which of these events would most likely cause a recession? (1 point) Responses The price of gasoline rises by ten percent. The price of gasoline rises by ten percent. Political leaders pass large spending cuts. Political leaders pass large spending cuts. Many people find new jobs at the same time. Many people find new jobs at the same time. The value of total net exports rises unexpectedly
1 answer
1 answer