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In the open-economy macroeconomic model, if the U.S. interest rate rises, then its
Cultural Awareness
The understanding and appreciation of the differences and similarities within and between cultures.
Cultural Encounters
Interactions between individuals from different cultural backgrounds, leading to exchange of ideas, practices, and learning experiences.
Cultural Knowledge
The understanding of cultural variations, beliefs, practices, and norms among different groups, crucial for effective communication and interaction in diverse societies.
Cultural Skill
The ability to effectively interact, understand, and engage with people from cultural backgrounds that are different from one's own.
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