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Which of the following correctly identifies a Malthusian cycle?

conrad136

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Which of the following correctly identifies a Malthusian cycle?

Which of the following correctly identifies a Malthusian cycle?

▸ An increase in GDP will increase GDP per capita above subsistence, which will cause an increase in the size of the population, which will increase pressure on resources and that will further increase GDP per capita.

▸ An increase in GDP will increase GDP per capita above subsistence, which will cause an increase in the size of the population, which will increase pressure on resources and eventually reduce GDP per capita.

▸ An increase in GDP will increase GDP per capita above subsistence, which will cause a decrease in the size of the population, which will reduce pressure on resources and further increase GDP per capita.

▸ A decrease in GDP will decrease GDP per capita below subsistence, which will cause an increase in the size of the population, which will increase pressure on resources and eventually reduce GDP per capita.

Textbook

Macroeconomics

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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