Inflation reduces the return to capital gains _____
a. only on large assets such as houses
b. because people have to pay taxes on nominal capital gains
c. when tax rates on capital gains are high
d. only under hyperinflation
b
Economics
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If a product has an inelastic demand, then:
a. there is probably a long time period under consideration. b. as price increases, total revenue to producers decreases. c. an increase in the price will decrease total consumer expenditures. d. there are probably many complements for the good. e. there are probably few substitutes for the good.
Economics
When the government runs a deficit, which of the following is true?
A) T > TR - G B) G > T + TR C) G > TR - T D) T < G + TR
Economics