increase in theprice level ofgoods/servicescyclicalWhen pricegoes upquantitydemandedgoes downstructuralwhen theprices goesup quantitysuppliedgoes upcomparativeadvantageopportunitycostabsoluteadvantageland labor capitalandentrepreneurshipcontractionaryfiscal policyscarcitycontractionarymonetarypolicyexpansionaryfiscal policycontraction/recessionshortageequilibriumfrictionalthecomponentsof GDPexpansionarymonetarypolicyexpansionWhensomeoneactively looksfor a job butcan’t find onepeaktroughsurplusincrease in theprice level ofgoods/servicescyclicalWhen pricegoes upquantitydemandedgoes downstructuralwhen theprices goesup quantitysuppliedgoes upcomparativeadvantageopportunitycostabsoluteadvantageland labor capitalandentrepreneurshipcontractionaryfiscal policyscarcitycontractionarymonetarypolicyexpansionaryfiscal policycontraction/recessionshortageequilibriumfrictionalthecomponentsof GDPexpansionarymonetarypolicyexpansionWhensomeoneactively looksfor a job butcan’t find onepeaktroughsurplus

Economics Exam Review - 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.


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  1. increase in the price level of goods/services
  2. cyclical
  3. When price goes up quantity demanded goes down
  4. structural
  5. when the prices goes up quantity supplied goes up
  6. comparative advantage
  7. opportunity cost
  8. absolute advantage
  9. land labor capital and entrepreneurship
  10. contractionary fiscal policy
  11. scarcity
  12. contractionary monetary policy
  13. expansionary fiscal policy
  14. contraction/recession
  15. shortage
  16. equilibrium
  17. frictional
  18. the components of GDP
  19. expansionary monetary policy
  20. expansion
  21. When someone actively looks for a job but can’t find one
  22. peak
  23. trough
  24. surplus