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Explain: Marginal Propensity to Consume and its impact on the multiplier Equation of Exchange: The equation simply states: Role of the Velocity in Classical, Keynesian

Explain: Marginal Propensity to Consume and its impact on the multiplier

Equation of Exchange: The equation simply states:

Role of the Velocity in Classical, Keynesian and Monetary Economic Thoughts:

Equilibrium (macro) model:

Please answer this question by proving some relevant concepts from the history of economics thought.

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