Answer to Question #139828 in Macroeconomics for Jayisa

Question #139828
Consider a malthasian economy which is initially at a steady state consumption percapita of capital and labour per capital of /*.A shock hits this economy changing the steady state level of land per capital
1
Expert's answer
2020-10-27T08:14:35-0400

As a result of the shock, the demand for land increases, leading to changes in the demand for labor. Consequently, the shock can be viewed as a factor influencing the demand in the land and labor market.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS