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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.
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The event that would most likely cause a recession is:
Political leaders pass large spending cuts.
Large cuts in government spending can lead to reduced demand in the economy, which can slow down economic activity and potentially lead to a recession.
An economy's total output divided by its total population is called gross domestic product per capita.
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