Question: * Solve the following first-order difference equations and describe the time path of y. I a. yt - 0.5yt-1 - 10 = 0 y1 =

* Solve the following first-order difference equations and describe the time path of y. I a. yt - 0.5yt-1 - 10 = 0 y1 = 5 b. yt - 3yt-1 - 20 = 0 - . yo = -9 C. yt + 0.5yt-1 = 0 - . yo = 100 d. 0.1yt - 0.5yt-1 - 0.2 = 0 ; 1 = 99.5 e. yt + 0.125yt-1 - 0.25 = 0 ; yo = 0

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