Question

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)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)

Answer 1

One time deadly disease killed a large fraction of the population in the black death.There are short run and long run effects on the growth of the city. Under a malthusian model population witness increased mortality which are endorsed with fixed factor of production in rural areas and the urban areas.suitability of land as well as natural and the historical networks of trade has a vital role to play in this urban recovery.as a result of disease killing a large amount of population there exist population shock which result in creating increased wages permit in the investment in the technology as well as physical and human capital hence leading to institutional or the democratic changes death of large number of population also leads to physical destruction and the different intellectual elites a targeted of the minority groups.

JULY ২৫ আষ মতবার ১৪১৯ মণ্ডমীরা ৮৫৬/৩৯ Saka-19 Ashar 1934 হয় । অহ ১১১ Sunrise-05-01 AM 10 ७ श्रावण कृष्ण मंगलवार २०६९ ससमी राः८/३३/३९ Hizr-19 Sawan 1433 90 ans 2092 Sunset - 06-21 PM TUESDAY Death pale the Mathurian Economy Rall wagen Population fig WTFSSMTWTFS MW FS M T W T F S S M T W T F 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 AUGUST 2012