In the Malthusian model, the steady state effects of an increase in z are to
A) decrease the quantity of land per worker, increase the population, and leave consumption per worker unchanged.
B) increase the quantity of land per worker, increase the population, and leave consumption per worker unchanged.
C) decrease the quantity of land per worker, increase the population, and increase consumption per worker.
D) decrease the quantity of land per worker, decrease the population, and leave consumption per worker unchanged.
E) shift the production function upwards, but leave the steady state unchanged.
Correct Answer:
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Q31: A pessimistic long-run Malthusian result is
A) increases
Q32: The Solow growth model predicts that a
Q33: In the Solow growth model, the law
Q34: Malthus was too pessimistic because he did
Q35: In the Malthusian model, state-mandated population control
Q37: In the steady state of Solow's exogenous
Q38: In more modern times as opposed to
Q39: An increase in savings can be brought
Q40: The slope of the output per worker
Q41: Long-run growth in the standard of living
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