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A rise in the income tax on interest income _______. A. increases the before-tax interest rate paid by borrowers and decreases borrowing and investment B.
A rise in the income tax on interest income _______. A. increases the before-tax interest rate paid by borrowers and decreases borrowing and investment B. decreases the before-tax interest rate paid by borrowers and increases borrowing and investment C. decreases the after-tax interest rate received by lenders and increases lending D. increases the after-tax interest rate received by lenders and increases saving
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