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explores the effect of the Black Death in England around the year 1348. According to some estimates, between one third and one half of

 

explores the effect of the Black Death in England around the year 1348. According to some estimates, between one third and one half of the English population died as a result of the Black Death in a very short period of time. Use the graphical depiction of the Malthusian model to illustrate what happened to the population size and per-capita income in the short run and in the long run. Assume that the technology of England is Cobb-Douglas with land and population being equally important, i.e. Y = LN where L is labor and N is land. Also assume that this pandemic affected people but not land.

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