Draw your own Malthusian graph system. (We recommend drawing by
hand, as you may be asked to draw this kind of graph on the exams
without the aid of a computer.) The top graph should show birth and
death rates as a function of wages; the bottom graph should show
population size as a function of wages. Label all of the axes and
mark the equilibrium state on both graphs by marking b*, d*, w*,
and N* (equilibrium birth rate,...