You Bought Some Shares of Stock And,over the Next Year,the

question 93

Multiple Choice

You bought some shares of stock and,over the next year,the price per share decreased by 7 percent and the price level decreased by 9 percent.Before taxes,you experienced

• A)both a nominal gain and a real gain.
• B)a nominal gain and a real loss.
• C)a nominal loss and a real gain.
• D)both a nominal loss and a real loss.

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Definitions:

Favorable

Describes something that is advantageous, positive, or beneficial in nature.

Attribution Theory

A concept in psychology that explains how individuals pinpoint the causes of their own and others' behavior.

Dispositional

Pertaining to one's inherent qualities of mind and character, often used in psychology to describe a person's natural tendencies or personality traits.

Situational

Relating to or dependent on a particular set of circumstances or context.