Question
In the Malthusianmodel, suppose that there is a technological advance that reduces death rates. Determine what effects this has in thelong-run steady state and explain
In the Malthusianmodel, suppose that there is a technological advance that reduces death rates. Determine what effects this has in thelong-run steady state and explain your results.
In thelong-run steadystate, a technological advance that reduces death rates will
not affect
shift up
cause a movement up
shift down
cause a movement down
the population growthfunction, g(c), and will
cause a movement up
shift down
cause a movement down
shift up
not affect
theper-worker productionfunction, zf(l). This will cause the consumption per worker in the steadystate, c*, to
remain the same
decrease
increase
and the land per worker in the steadystate, l*, to
remain the same.
increase.
decrease.
The currentpopulation, N, will
increase,
decrease,
remain the same,
the futurepopulation, N, will
decrease,
increase,
remain the same,
and the populationgrowth, N'/N, will
increase.
remain at 1.
decrease.
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