Macro Bingo - Call List

(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. When people willing and able to work cannot find a job.
   Unemployment
2. The view that markets self-correct and the economy operates at full capacity in the long run.
   Classical Model
3. The relationship between price level and output when wages and some costs are fixed.
   SRAS
4. Short-term unemployment when people move between jobs.
   Frictional
5. The view that AD determines output and government intervention is often needed
   Keynesian Model
6. Fluctuations in economic activity
   Business cycle
7. When actual GDP is below potential GDP, creating unemployment.
   Negtive output gap
8. S, T, M
   Leakages
9. Unemployment caused by a lack of demand during a recession.
   Cyclical
10. The total demand for goods and services in an economy at a given price level and time.
    AD
11. A fall in the rate of inflation.
    Disinflation
12. A sustained fall in the general price level.
    Deflation
13. Inflation caused by rising production costs.
    Cost-push
14. The main measure of inflation based on a basket of goods and services.
    CPI
15. Inflation caused by excess demand in the economy.
    Demand-pull
16. A sustained increase in the general price level.
    Inflation
17. Government use of taxation and spending to influence the economy.
    Fiscal policy
18. The proportion of extra income that is saved
    MPS
19. The total accumulation of past government borrowing
    National debt
20. An increase in the productive capacity of the economy, shown by a rise in real GDP
    Economic Growth
21. The total monetary value of all final goods and services produced within a country in a year, at constant prices, divided by population
    Real GDP per capita
22. The cost of borrowing money or the reward for saving.
    Interest rate
23. When actual GDP exceeds potential GDP, creating inflationary pressure.
    Positive output gap
24. G, I, X
    Injections
25. Unemployment caused by a mismatch of skills and job requirements.
    Structural
26. Rising inflation combined with rising unemployment and stagnant growth.
    Stagflation
27. Unemployment occurring at certain times of the year.
    Seasonal
28. Central bank control of interest rates and money supply to influence the economy.
    Monetary policy
29. The maximum productive potential of the economy when all resources are fully employed.
    LRAS
30. The process by which an initial change in spending leads to a larger change in GDP
    Multiplier effect
31. The total monetary value of all final goods and services produced within a country in a year at current prices, divided by population
    Nominal GDP per capita
32. The proportion of extra income that is spent
    MPC
33. When government spending exceeds tax revenue in a year
    Budget deficit
34. The total monetary value of all final goods and services produced within a country in a year at current prices
    Nominal GDP
35. The movement of money between households, firms, government and abroad
    Circular flow of income
36. An older measure of inflation including housing costs.
    RPI
37. The total monetary value of all final goods and services produced within a country in a year, at constant prices
    Real GDP