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Now assume that the individual has $50000 in income now and $52500 in income in the future. You see that the individual does not lend

Now assume that the individual has $50000 in income now and $52500 in income in the future. You see that the individual does not lend or borrow at the current 5% interest rate. Briefly evaluate and explain the following statement: "A rise in interest rates will almost surely induce saving." A graph would be useful here for your explanation

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