In the malthusian model-how many steady-state equilibrium

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In the Malthusian model, suppose that population growth is given by N'/N=(c-2)(c-1)+1, where c=C/N is consumption per capita and output is given by Y=L (i.e. no labor needed). How many steady-state equilibrium does this economy have? How many are stable?

Reference no: EM131159532

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