Unformatted text preview: . A similar result can be derived using Maple . The instructions for each software are: Mathematica <<Graphics`ImplicitPlot` ImplicitPlot [(b+v)^2==4v, {v,0,5}, {b,0,1}] Maple with(plots): implicitplot ((b+v)^2=4v, v=0. .5, b=0. .1); On the other hand, the division between damped and explosive paths (given 0 < b < 1) is determined by v < 1 and v > 1, respectively. The accelerator model just outlined was utilised by Hicks (1950) in his discussion of the trade cycle. The major change was introducing an autonomous component to investment, I , which grows exogenously at a rate g . So at time t , Figure 3.17....
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 Fall '11
 Dr.Gwartney
 Economics

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