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Using a graphical illustration of the standard Malthusian growth model, explain and show the short-run and long-run effects of a one-time deadly disease killing a
Using a graphical illustration of the standard Malthusian growth model, explain and show the short-run and long-run effects of a one-time deadly disease killing a large fraction of the population? Would your answers be different if the disease becomes permanent? (Consider that the economy was initially at its steady-state prior the health shock and the disease has negligible effects on the birth rate)
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