Business/Fiscal Test

Business/Fiscal Test Bingo Card
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This bingo card has 50 words: Real GDP, Nominal GDP, Leading Indicator, Lagging Indicator, Coincident Indicator, Fiscal Policy, Tax on alcohol, tobacco and gas, Tax increase as income increases, Peak/Prosperity, Recession/Contraction, Trough/Depression, Recovery/Expansion, Cyclical Unemployoment, Full Employment, Federal Income Tax, Demand Pull Inflation, Cost Push Inflation, Budget Surplus, Budget Deficit, Congress, Taxes Government Spending Federal Budget, Decrease Taxes, Decrease Spending, Increase Taxes, Frictional Unemployment, GDP Adjusted for inflation, GDP using current prices, Indicators that change before the business cycle changes, Indicator that changes after the business cycle changes, Indicator that changes at the same time the business cycle changes, The government's policy on spending and taxation, Excise Tax, Progressive Tax, Phase of the business cycle where there is full employment and GDP stops rising, Phase of the business cycle where people start losing jobs, consumer spending starts to slow down, Phase of the business cycle where banks and multiple businesses start to shut down, Phase of the business cycle where consumer spending starts to pick back up and workers are being hired back, When only 5% of the working force is without a job, Where does the federal government get most of its revenue from?, Inflation that occurs when demand for goods and services exceeds existing supply, Inflation that occurs when producers raise their prices to meet increased cost, The government is taking in more money than what they are spending, The government is spending more money than what they are taking in, Who is responsible for making Fiscal Policy Decisions?, What are the three tools of fiscal policy?, In a recession would the government increase or decrease taxes?, Would the government have to increase or decrease spending during an inflation?, In a inflation would the government have to increase or decrease taxes?, What type of employment is when someone is done with high school or college and is trying to find a job? and When someone loses their job because of a change in the business cycle? This is what type of unemployment?.

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