This question asks about the Malthusian model. Explain how a technological shock affects real wages in i) the short run

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answerhappygod
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This question asks about the Malthusian model. Explain how a technological shock affects real wages in i) the short run

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This question asks about the Malthusian model.
Explain how a technological shock affects real wages in i) the
short run and ii) the long run (i.e. when the economy has returned
to steady state). Use Excel or Powerpoint diagrams to explain your
answer.
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