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Analyze the country of Taiwan for the below scenario Scenario: the policy makers in Taiwan are acting and implementing policies to move their country's economy
Analyze the country of Taiwan for the below scenario Scenario: the policy makers in Taiwan are acting and implementing policies to move their country's economy downward and rightward along the short run Phillips curve. Explain how can Taiwan's policymakers implement the above scenario? If this action mentioned in scenario above succeeds in moving the economy downward & rightward along the short run Phillips curve, then what economic theory predicts would happen? Explain thoroughly with words & graph
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