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In the Mundell-Fleming model, the exogenous variables are the:
Group Control
The exercise of authority or influence by a person or group over the collective behavior in a group setting.
Idiosyncrasy Credits
The tolerance a person earns over time by conforming to group norms, allowing them more freedom to deviate from expectations without negative consequences.
Conformity
The act of matching attitudes, beliefs, and behaviors to group norms, policies, or societal expectations.
Group Norms
Shared expectations and rules that guide the behavior of individuals within a group, influencing their actions and interactions.
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