Sort of. First, you need a printer with duplex capabilities. In your page set-up, you’ll see a Page flow which tells InDesign how it should print the pages. There are about four I think with little zig-zag lines showing which way the document should print.
However, it’s a trial and error depending upon your page setup (in the Document, not the ‘page setup’ dialog box)
What I’ve done with great success is simply set the document up in reader spreads..that is, page one is what would be the cover, page 2 inside cover and so on. Then, I select Print, click the ‘Printer” button (you’ll get the standard message about using the boxes up top, just click ok) choose Layout from the pop-up menu. Specify 2 pages per sheet and click ok.
Voila. if you do have 17×11 paper, you still specify 2 pages per sheet, but you click the “spreads” option up front in the dialog.
This will let your document print back-to-back pages and require only half the number of pages in paper.
But your printer has to have duplex capabilities. The “Layout” option shows up as a system thing so if you don’t know if you bought a laser with duplex, just try printing two pages (1-2) and it should suck the paper back in for the back side.
Otherwise, you’ll need a third-party plugin for the pagination, but I don’t think you can make a printer print twice on the same paper without refeeding it back in.