Mathematics · Difference Equations
For the difference equation yt+1 = b · yt + c, the time path of yt is monotonically approaching equilibrium when:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1b < -1
- 2b > 1
- 3-1 < b < 0
- 40 < b < 1✓
Correct answer
0 < b < 1
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