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Imagine that the world is now described by the Malthusian Model. A. What are the assumptions that make the world Malthusian (rather than being described
Imagine that the world is now described by the Malthusian Model. A. What are the assumptions that make the world Malthusian (rather than being described by the Solow Model)? B. What is the effect of a pandemic, such as the Black Death or COVID19, in the short and long-runs in the Malthusian model? Assume the diseases do not permanently impact healththey just kill a bunch of people quickly and the survivors are left the same as before. C. Now assume that, similar to Question 1, the fertility rate increases as a result of the pandemic. How does this change your answer to part B
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