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