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On the books of the Fed the difference between borrowed reserves and discount loans is equal to
Classical Theory
In sociology, it refers to early frameworks for understanding society and its structures, emphasizing rationality, liberty, and equality.
Enlightenment Thinking
An intellectual movement in 18th-century Europe emphasizing reason, individualism, and skepticism of traditional authority.
Power Structure
The organization and distribution of power within a society, determining how decisions are made and who holds influence.
Social Facts
General social features that exist on their own and are independent of individual manifestations.
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