Describe the optimal level of state involvement in the economy of developing countries. What are the benefits and pitfalls of an active state in less developed countries?

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Q: Which of the following events shifts the Phillips curve? A. An increase in taxes. B. An increase in…

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Q: mestion Completion Status: Moving to another question will save this response. tion 15 Phillips…

A: In the long run, Phillips curve is a vertical line at the natural rate of unemployment.

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