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Explain the term "the iron law of oligarchy" as it relates to political parties.
Interest Rates
The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.
Aggregate Demand
The total amount of goods and services demanded in an economy at a given overall price level and in a given time period.
Price Level
A measure of the average prices of goods and services in an economy at a given time, indicating the cost of living or inflation rate.
Dividend Yield
An economic indicator demonstrating the ratio of a company's annual dividends to its stock price.
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