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Which of the following would not be included in the Third Estate, as defined by law?
Real Interest Rate
The interest rate adjusted for inflation, reflecting the true cost of borrowing and the true yield on savings.
Monetary Neutrality
The idea that changes in the money supply only affect nominal variables (like prices) in the long run and have no effect on real variables (like output or employment).
Money Supply
The combined total of all monetary resources in an economy at a designated time, including cash, coins, and balances in checking and savings accounts.
Velocity
The rate at which money is exchanged from one transaction to another, and how much money is used for purchasing goods and services within a certain period.
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