You would normally expect the U-6 unemployment rate to be ___ than the U-3 unemployment rate.

If economic growth increases (and is expected to continue to be higher than we had previously expected), our estimate of the neutral rate is likely to ___.

If mortgage rates dropped significantly from their current level (e.g., from 6.25% to 3.0%), this would ___ the “mortgage lock” problem.

According to Greg Mankiw’s speech, “The Fiscal Future,” he believes that the most likely outcome (or approach) that will be taken in order to stop the upward trajectory of the debt-to-GDP ratio is ___.

In class, Sandy suggested that it was horrible that ___ end up losing their income from a government shutdown and will never get that income back.

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 ___.

Imagine that the consensus view among FOMC participants changed from believing that tariffs would raise inflation expectations to a belief that tariffs will only result in a one-time increase in the price level (and not impact expectations). This change in beliefs would make the FOMC more ___.

If the labor market is tight (meaning that there is a shortage of workers), we normally expect ___ to experience larger pay raises than ___.

If financial conditions are considered to be “very loose,” this is an argument as to why the FOMC ___ lower rates.

Consumers in the top 10% of the income distribution accounted for approximately ___ of total spending in Q2.