Assume that in 2011, the following prevails in the Repub
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Assume that in 2011, the following prevails in the Republic of Nurd: Assume that households consume 80 percent of their
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Assume that in 2011, the following prevails in the Republic of Nurd: Assume that households consume 80 percent of their income, they save 20 percent of their income, MPC = .8, and MPS = .2. That is, C = .8Yd and S = .2Yd. a. Is the economy of Nurd in equilibrium? What is Nurd
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