In Questions Solve the Recurrence Relation Either by Using the Characteristic

question 74

Short Answer

In questions solve the recurrence relation either by using the characteristic equation or by discovering
a pattern formed by the terms.
- $$a _ { n } = 5 a _ { n - 1 } - 4 a _ { n - 2 } , a _ { 0 } = 0 , a _ { 1 } = 1$$

---

Definitions:

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs, representing the trade-off between different choices in the allocation of resources.

Recession

A significant decline in economic activity across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Depression

A prolonged and severe downturn in economic activity, characterized by high unemployment, falling prices, and reduced levels of trade and investment.

Production Possibilities Frontier

A graph illustrating the maximum possible output combinations for two products that a country can produce given its technological capabilities and quantity of inputs.