A random sample was taken with a sample mean of 90 and a sample standard deviation of 21.7. The population variance is not known. Answer the following questions 6-10 rounding all answers to one decimal place.

In class, we saw that the 50 worst performing stocks since Feb. 19 through mid-March had a negative 22% return. These same stocks had returned an average of 103% from Oct. 2023 to Feb. 2025. We said that this data is evidence that the market drop in late February and early March ___ caused by President Trump’s threat of tariffs.

If the wage increases of “job switchers” moved far above the wage increases of “job stayers,” we would say that the labor market is ___.

In Fed Chair Powell’s FOMC press conference, Powell suggested that the fact that we have had higher inflation in recent years ___ the possibility that new tariffs could result in higher inflation expectations.

Investors would think that stocks are more expensive if the earnings yield is ___ rather than ___.

Corporate taxes are considered to be a ___ form of taxation.

If falling stock prices result in lower spending by households, this is most commonly referred to as ___.

Howard Marks seems to believe that the Fed and the Treasury department are ___ at handling crises than they were 20 – 35 years ago.

Howard Marks believes that the difficulty in marking private credit “to-market” makes private credit appear ___ volatile than it actually is.

The Fed publication that contains anecdotal evidence about the economy from the 12 Federal Reserve districts is known as ___.