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Introduction of a new technology in a Malthusian economy.

The introduction of a new technology in a Malthusian economy.

Figure 2.17 The introduction of a new technology in a Malthusian economy.

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Initially the economy is in equilibrium

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An advance in technology—wages rise

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Population begins to rise

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Population increases

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Figure 2.17d Meccanoid 2.0 Meccano 2ft Smart Programmable Robot,. The economy moves down the real-wage curve from D.

C is the equilibrium with the new technology

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Figure 2.17e At C, the wage has reached subsistence level again. The population remains constant (point C′).Lego 6484 Gru con Box e Auto da Corsa F1 Città Legoland Light & Sound 9V (1995),.

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