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Truncated path algebras are homologically transparent

It is shown that path algebras modulo relations of the form $Λ= KQ/I$, where $Q$ is a quiver, $K$ a coefficient field, and $I \subseteq KQ$ the ideal generated by all paths of a given length, can be readily analyzed homologically, while displaying a wealth of phenomena. In particular, the syzygies of their modules, and hence their finitistic dimensions, allow for smooth descriptions in terms of $Q$ and the Loewy length of $Λ$. The same is true for the distributions of projective dimensions attained on the irreducible components of the standard parametrizing varieties for the modules of fixed $K$- dimension.