In 2025, the largest foreign holder of U.S. Treasury securities was ___.

In 2026, which group is expected to have a higher earnings growth rate?

Over the long term, small caps have outperformed large caps ___.

This question is based on Richmond Fed President Tom Barkin’s speech, “U.S. Economy: The Road Ahead.” According to President Barkin, how did most businesses respond to the overwhelming uncertainty in 2025?

In class, we described different foreign opportunities that are attracting U.S. stock investors. Which of the following was one of those opportunities?

Fed chair-nominee Kevin Warsh seems to currently be in favor of ___.

President Trump nominated Kevin Warsh to be the next Fed chair. Warsh previously served as ___ and was known for his ___ economic forecasts.

According to Gregory Mankiw (“The Fiscal Future”), ___.

Imagine that the yield curve is upward sloping and then we receive two unexpected pieces of news: (a) the job market is much stronger than expected; and (b) the U.S. government has a credible plan to balance the budget for the foreseeable future.  After those two pieces of news were released, you should expect that the yield curve responded by ___.

The labor force participation rate has been ___ over the past 25 years.