German Frigate Class F122 Kit REVELL HOBBY 1 300 300 300 RV05143 9e9d8a

German Frigate Class F122 Kit REVELL HOBBY 1 300 300 300 RV05143 9e9d8a
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A Malthusian economy.

A Malthusian economy.

Figure 2.16 A Malthusian economy.

Left-hand diagram: How wages depend on the population level

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Linking the two diagrams

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A lower population

Suppose the economy is at B, with a higher wage and lower population. Point B′, on the right, shows that the population will be rising.

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The economy returns to equilibrium

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German Frigate Class F122 Kit REVELL HOBBY 1 300 300 300 RV05143 9e9d8aGerman Frigate Class F122 Kit REVELL HOBBY 1 300 300 300 RV05143 9e9d8a

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