This question asks about the Malthusian model. Explain how a technological shock affects real wages in i) the short run
Posted: Mon Apr 25, 2022 8:20 am
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.
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.