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In the short- run, lowering the cash rate will shift the _ and real GDP.
Ethnocentrism
The belief in the inherent superiority of one's own ethnic group or culture over others.
Intercultural Competencies
Skills and personal characteristics that help achieve success in cross-cultural situations.
Globalization
The worldwide interdependence of resource flows, product markets, and business competition.
Economic Integration
A process whereby countries reduce trade barriers, allowing for an increased flow of goods, services, and capital among them, aiming for economic policy convergence.
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