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recently, the level of gdp has declined by $60 billion in an economy where the marginal propensity to consume is 0.75. aggregate expenditures must have fallen by: group of answer choices $30 billion $60 billion $45 billion $15 billion

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gauravsingh23VT

Aggregate expenditures must have fallen by $45 billion. Hence, option C is correct.

What is Aggregate expenditure?

Aggregate expenditure, a macroeconomic statistic, is used to measure and evaluate the total amount of economic activity or output within a country. A nation's total outlays over a given time period are measured by aggregate expenditure, just as the gross domestic product (GDP) and national income.

The total expenditure is equal to the sum of household consumption, investments, government spending, and net exports.

Thus, option C is correct.

For more information about Aggregate expenditures, click here:

https://brainly.com/question/13828757

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