Question
The Malthus model can be used to explain temporary differences in cross-country 1 output/consumption per capita, but not permanent ones. How can it explain short-run
The Malthus model can be used to explain temporary differences in cross-country 1 output/consumption per capita, but not permanent ones. How can it explain short-run differences? Why can it not explain long-run differences?
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Microeconomics A Contemporary Introduction
Authors: William A. McEachern
9th edition
978-0538453714, 538453710, 978-1111415921
