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