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Under the flexible exchange rate regime,which of the following variables in the monetary approach becomes zero and is dropped out of the equation?
Intelligence
The ability to acquire and apply knowledge and skills, including the capacity for logic, understanding, self-awareness, learning, emotional knowledge, planning, creativity, and problem-solving.
Biological Processes
Natural processes vital for a living organism to maintain life, such as metabolism, homeostasis, and reproduction.
Empiricists
Philosophers who believe that knowledge comes primarily from sensory experience.
Human Diversity
The range of differences among humans, including but not limited to race, ethnicity, gender, age, sexual orientation, and disability.
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