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Unformatted text preview: = x − 3 y = − 2 x + y which has solution x ∗ = 0 and y ∗ = 0. Another way to view the fxed point is to note that 0 = x − 3 y is the equilibrium condition For the variable x ; while 0 = − 2 x + y is the equilibrium condition For the variable y . The fxed point is simply where the two equilibrium lines intersect. The equilibrium lines are y = x 3 (˙ x = 0) y = 2 x (˙ y = 0) 2 See section 4.12....
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This note was uploaded on 12/14/2011 for the course ECO 3023 taught by Professor Dr.gwartney during the Fall '11 term at FSU.
 Fall '11
 Dr.Gwartney
 Economics

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