Answer to Question #237737 in Economics of Enterprise for STEPHEN

Economics of Enterprise

Question #237737

Find the time path
Yt-1= 0.8Yt

Expert's answer

"Yt-1=0.8Yt"

"Yt -0.8Yt=1"

"0.2Yt=1"

"\\frac{0.2Yt}{0.2}=\\frac{1}{0.2}"

"Yt=5"

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