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