Multiple Choice
Assume you buy a stock and its price rises less than the price level. Before taxes, which of the following have you made?
A) a nominal and real gain, and you pay taxes on the nominal gain
B) a nominal gain and a real loss, and you don't have to pay taxes since you gained less than the change in the price level
C) a nominal and a real gain, and you pay taxes on the real gain
D) a nominal gain and a real loss, and you pay taxes on the nominal gain
Correct Answer:
Verified
Correct Answer:
Verified
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