According to robert michels the "iron law of oligarchy"

was scientifically tested using statistics and other forms of modern evidence

applied to all political groups

argued that countries that grew rich from mining metals were likely to be corrupt.

applied only to capitalistic economies

1. the responsibilities of the u. s. federal reserve system include overseeing the banking system and regulating the quantity of money in the economy setting the level of real interest rates working with congress to devise a financial plan for the country and execute the president's orders calculating and reporting the unemployment rate 2. to increase the supply of money when the economy is weak, the fed closes banks reduces inflation sells bonds buys bonds 3. the federal funds rate is the short-term interest rate that banks charge their best customers when borrowing banks earn on savings accounts with the fed banks charge each other when borrowing or lending to each other the fed charges banks when borrowing 4. when the fed increases the money supply and consequently lowers interest rates, the value of the dollar will rise by more in the market for foreign exchange, all else equal will fall, all else equal is not impacted by fed policy will rise, all else equal

Ball is tossed up in the air at its peak, it stops before beginning to fall. the ball at its peak has

Astudy that involves interviews of adults is eligible for expedited review. the researcher wants to add an adolescent population (aged 12 to 17) to the study and has designed a parental permission and assent process. no additional changes are planned. which of the following statements about review of the revised protocol is accurate? the research would only be eligible for expedited review if the adolescents are capable of understanding the same consent forms used for the adult population. the research would only be eligible for expedited review if the adolescents have been declared to be emancipated minors. the new research would need full review by a convened irb because children are a protected population. unless the nature of the questions would raise the level of risk to > minimal for adolescents, the research would still qualify for expedited review.