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