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cument FW V ew Insert Format Tools Extensions Help Accessibility Last edit was 5 minutes .. G Share 100% Normal text Lato 14 + BIU

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cument FW V ew Insert Format Tools Extensions Help Accessibility Last edit was 5 minutes .. G Share 100% Normal text Lato 14 + BIU ACH . . 13 ... Explain if the following statement is true or false: "In the two-country period model, the response of the Current Account to a PERMANENT positive INCOME shock is LARGER than its response to a TEMPORARY positive INCOME shock." please use equations to explain. For simplicity assume a logarithmic life time utility (U=In(C,)+In(C2)) acer

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