6. In the middle of the fourteenth century, an epidemic known as the Black Death killed about a third of Europe's population, about 34 million people. While this was an enormous tragedy, the macroeconomic consequences might surprise you: over the next century, wages are estimated to have been higher thnn before the epidemic. (Hint: Use the traditional production function Y = AKtto derive your answer) (a) Use the production model to explain why wages might lave increased. (b) Can you attach a number to your explanation? in the model, by how much would wages rise if a third of the population died from disense?
