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smitch6 smitch6
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6 years ago
In the Malthusian model, the steady state is
A) where total factor productivity is maximized.
B) the long-run equilibrium for the population.
C) the competitive equilibrium.
D) where consumption per worker is maximized.
E) where land replaces capital in the production function.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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Blade73Blade73
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6 years ago
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