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