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Drawing upon the Malthusian model, demonstrate what would happen to a country's population size and per-capita income in the short and long run if scientists
Drawing upon the Malthusian model, demonstrate what would happen to a country's population size and per-capita income in the short and long run if scientists discover a new strain of rice that can produce twice as much output per unit of land. In a separate figure, show what happens if a disease killed 25% of the human population (in a one-time reduction) in the short-run and the long run? Be sure to label all axes and curves clearly.
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