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Taiwan policymakers implement

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Reference no: EM133355242

Scenario

The policymakers 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 the Scenario above succeeds in moving the economy downward and rightward along the short-run Phillips curve, then what economic theory predicts would happen? 

Reference no: EM133355242

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