Malthus and Subsistence Wages. Thomas Malthus wrote that if wages exceeded subsistence levels the population would increase, which in turn would drive real wages back down to subsistence. Suppose...

Malthus and Subsistence Wages. Thomas Malthus wrote that if wages exceeded subsistence levels the population would increase, which in turn would drive real wages back down to subsistence. Suppose there were an increase in the demand for labor, which raised real wages. Under Malthus’s theory, show how the supply curve for labor would shift. (Related to Application 1 on page 169.)