What are the recursive equations

Assignment Help Mechanical Engineering

Reference no: EM13948400

Consider the following two models

Model A	Model B
y(t)= 9 + 0.2(m - p(t)) p(t + 1)- p(t)= 1.2(y(t)- yn) m = 5 yn = 6 p(0)= 10	y(t)= 9 + 0.2(m - p(t)) p(t + 1)- p(t)= 1.5(y(t)- yn) m = 5 yn = 6 p(0)= 10

(i) What are the recursive equations for each model and what is their fixed point?

(ii) Compare the adjustment of prices in each model.

Reference no: EM13948400

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