Question #237737

Find the time path
Yt-1= 0.8Yt

Expert's answer

Yt−1=0.8YtYt-1=0.8Yt


Yt−0.8Yt=1Yt -0.8Yt=1


0.2Yt=10.2Yt=1


0.2Yt0.2=10.2\frac{0.2Yt}{0.2}=\frac{1}{0.2}


Yt=5Yt=5





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Canada #340153 on Dec 2023