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In a two-period model with default, the nation defaults on its debt in the current period if
Substantia Nigra
A brain structure located in the midbrain that plays an important role in reward, addiction, and movement.
Midbrain
A part of the brainstem involved in vision, hearing, motor control, sleep/wake, arousal (alertness), and temperature regulation.
Structure
The arrangement or organization of components that form a system, framework, or object.
Amygdala
A part of the brain involved in emotion regulation, especially fear and aggression.
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