Equations that have more than one unknown can have an infinite number of solutions. For example, \(2x + y = 10\) could be solved by: \(x = 1\) and \(y = 8\) \(x = 2\) and \(y = 6\) \(x = 3\) and \(y = ...
This article describes three approximation methods I used to solve the growth model (Model 1) studied by the National Bureau of Economic Research's nonlinear rational-expectations-modeling group ...
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