In the Malthusian growth model, suppose that the sea level rises, so that there is less land available to grow food. What happens in the steady state, and why?

Select one:

a. The reduction in land per worker reduces consumption per worker in the short run. This causes population growth to fall, so that land per worker rises, and consumption per worker increases. In the steady state, the population increases, consumption per worker is higher, and land per worker is higher.

b. The reduction in land per worker reduces consumption per worker in the short run. This causes population growth to fall, so that land per worker rises, and consumption per worker increases. In the steady state, the population falls, consumption per worker is the same, and land per worker is the same.

c. The reduction in land per worker reduces consumption per worker in the short run. This causes population growth to fall, so that land per worker decreases, and consumption per worker decreases. In the steady state, the population falls, consumption per worker is the same, and land per worker is the same.

d. The reduction in land per worker increases consumption per worker in the short run. This causes population growth to increase, so that land per worker rises, and consumption per worker increases. In the steady state, the population falls, consumption per worker is the same, and land per worker is the same.

e. The reduction in land per worker reduces consumption per worker in the short run. This causes population growth to fall, so that land per worker rises, and consumption per worker increases. In the steady state, the population falls, consumption per worker is lower, and land per worker is lower.

f. The reduction in land per worker reduces consumption per worker in the short run. This causes population growth to fall, so that land per worker rises, and consumption per worker increases. In the steady state, the population increases, consumption per worker is lower, and land per worker is lower.

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