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Ignore answer selected as I'm unsure if it's right or not. No need for explanation. Unlike mortgage interest, the interest charged on personal credit cards

Ignore answer selected as I'm unsure if it's right or not. No need for explanation.

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Unlike mortgage interest, the interest charged on personal credit cards has * 1 point never been tax deductible. Suppose Congress just now passed a new law that makes all personal credit-card interest tax-deductible. Which of the following graphs properly shows how this new tax legislation will affect the real interest rate

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