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1 Analysis with the Malthusian model 1. Suppose that the quantity of land increases L . Using the population growth and individual production graphs, explain
1 Analysis with the Malthusian model 1. Suppose that the quantity of land increases L . Using the population growth and individual production graphs, explain its long-run effects at steady states and interpret the results. Also, draw the transition dynamics of ct, ly, Nr. 2. Suppose that there is technological progress in the health care sector that reduces death rates. Using the population growth and individual production graphs, explain its long-run effects at steady states and interpret the results. Also, draw the transition dynamics of ct, lt, N. Important: Please do not copy and paste the answer from the other chegg answers. They are wrong
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