Examlex
During the period 1987 to 2011,the average yield on 3-Month U.S.Treasury bills was 3.85%,the average inflation rate was 2.92%,the average yield on 30-year Treasury bonds was 6.14%,and the average return on 30-year AAA-Rated Corporate Bonds was 7.00%.The real risk-free short-term interest rate is
Majority Vote
A decision-making process where the option receiving more than half of the votes from a group is chosen.
Majority Voting
A decision-making process where the option that receives more than half of the votes is chosen.
Progressive Taxation
A tax system where the rate of taxation increases as the taxable base (income or wealth) increases, aiming to distribute the tax burden more fairly.
Political Logrolling
A practice where politicians exchange favors by voting for each other's proposed bills or policies.
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