In Powell’s press conference (at the end of the FOMC meeting), Powell said that the revision of the jobs data (when it was recently announced that the economy had created 911,000 fewer jobs in the year ending March 2025) was ___.

The Fed funds rate is currently 4.08%. Imagine that the FOMC is equally nervous about each part of their dual mandate. Then, imagine that the FOMC lowered their view of the neutral rate from 3% to 2%. This change in their perceived neutral rate is likely to increase the chances that the FOMC will ___ the Fed funds rate.

Electronic Arts recently made the news for being the largest ___ ever.

The majority of US homebuyers get a ___ mortgage.

The United States government currently pays approximately ___ of interest expense each year.

In our class about Greg Mankiw’s speech, Sandy argued that Mankiw was understating the tax rate in the US because he was ignoring differences (with other countries) in ___.

When a corporate borrower can’t make an interest payment, so they issue more debt to the lender, this is referred to as a ___.

Recently, US stocks that have had the ___ share of foreign sales exposure have been outperforming US stocks that have had the ___ share of foreign sales exposure.

In Powell’s press conference (at the end of the FOMC meeting), Powell said that most of the increase in inflation that we’ve seen recently is from ___.

With respect to the establishment survey in the jobs report, the firm (company) participation rate has ___ in recent years and the on-time (first month) response rate has ___ in recent years.