(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
Animal spirits – Consumer and business confidence affecting spending and investment decisions.
Keynesian model – The view that AD determines output and government intervention is often needed.
Retail Price Index (RPI) – An older measure of inflation including housing costs.
Aggregate demand (AD) – The total demand for goods and services in an economy at a given price level and time.
Cyclical unemployment – Unemployment caused by a lack of demand during a recession.
Long-run aggregate supply (LRAS) – The maximum productive potential of the economy when all resources are fully employed.
Fiscal policy – Government use of taxation and spending to influence the economy.
Interest rates – The cost of borrowing money or the reward for saving.
Economic cycle – Fluctuations in economic activity over time (boom, recession, recovery, trough).
Structural unemployment – Unemployment caused by a mismatch of skills and job requirements.
Marginal propensity to consume (MPC) – The proportion of extra income that is spent.
Current account – Part of the balance of payments showing trade in goods/services and income flows.
Contractionary fiscal policy – Cutting government spending or raising taxes to reduce AD.
Seasonal unemployment – Unemployment occurring at certain times of the year.
Nominal GDP – GDP measured at current market prices without adjusting for inflation.
Depreciation – A fall in the value of a currency.
Withdrawals (leakages) – Removals from the circular flow (savings, taxes, imports).
Short-run aggregate supply (SRAS) – The relationship between price level and output when wages and some costs are fixed.
Demand-pull inflation – Inflation caused by excess demand in the economy.
Gross Domestic Product (GDP) – The total monetary value of all final goods and services produced within a country in a year.
Appreciation – A rise in the value of a currency.
Inflation – A sustained increase in the general price level.
Budget surplus – When tax revenue exceeds government spending.
Monetary policy – Central bank control of interest rates and money supply to influence the economy.
Stagflation – Rising inflation combined with rising unemployment and stagnant growth.
Circular flow of income – The movement of money between households, firms, government and abroad.
Boom – A period of rapid economic growth and rising incomes.
Savings – Income not spent on consumption.
Negative output gap – When actual GDP is below potential GDP, creating unemployment.
Imports – Goods and services bought from abroad.
Positive output gap – When actual GDP exceeds potential GDP, creating inflationary pressure.
Productivity – Output per worker or per hour worked.
Consumer Price Index (CPI) – The main measure of inflation based on a basket of goods and services.
Frictional unemployment – Short-term unemployment when people move between jobs.
Expansionary fiscal policy – Increasing government spending or cutting taxes to boost AD.
Economic growth – An increase in the productive capacity of the economy, shown by a rise in real GDP.
GDP per capita – GDP divided by the population, indicating average living standards.
Cost-push inflation – Inflation caused by rising production costs.
Injections – Additions to the circular flow (investment, government spending, exports).
Investment – Spending on capital goods that increase future production.
Trough – The lowest point in the economic cycle before recovery.
Disinflation – A fall in the rate of inflation.
Real GDP – GDP adjusted for inflation.
Employment rate – The proportion of the working-age population in employment.
Deflation – A sustained fall in the general price level.
Exchange rate – The price of one currency in terms of another.
Exports – Goods and services sold abroad.
Multiplier effect – The process by which an initial change in spending leads to a larger change in GDP.
Recovery – The phase after a recession where the economy begins to grow again.
Government spending – Public expenditure on goods and services.
Budget deficit – When government spending exceeds tax revenue in a year.
Recession – Two consecutive quarters of negative economic growth.
Balance of payments – A record of all financial transactions between a country and the rest of the world.
Classical model – The view that markets self-correct and the economy operates at full capacity in the long run.
Unemployment – When people willing and able to work cannot find a job.
National debt – The total accumulation of past government borrowing.
Marginal propensity to save (MPS) – The proportion of extra income that is saved.
