You buy a stock and its price rises less than the price level.Before taxes 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
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