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In the Mundell-Fleming model,the exogenous variables are
Suburbs
Residential areas situated on the outskirts of a city or large town, typically characterized by a lower population density than urban centers.
Cold War
The state of geopolitical tension after World War II between powers in the Eastern Bloc (the Soviet Union and its satellite states) and powers in the Western Bloc (the United States, NATO allies, and others).
Religious Differences
Variations in beliefs, practices, and doctrines among different religious groups, which can sometimes lead to conflict or misunderstanding.
Judeo-Christian Heritage
Refers to the shared religious, moral, and cultural foundations in Western societies that are derived from Judaism and Christianity.
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