expansionarymonetarypolicytroughcomparativeadvantagefrictionalincrease in theprice level ofgoods/servicesthecomponentsof GDPstructuralshortagecontractionarymonetarypolicyabsoluteadvantagecontraction/recessionwhen theprices goesup quantitysuppliedgoes upscarcitycyclicalpeakWhensomeoneactively looksfor a job butcan’t find onecontractionaryfiscal policyWhen pricegoes upquantitydemandedgoes downequilibriumexpansionaryfiscal policyexpansionopportunitycostsurplusland labor capitalandentrepreneurshipexpansionarymonetarypolicytroughcomparativeadvantagefrictionalincrease in theprice level ofgoods/servicesthecomponentsof GDPstructuralshortagecontractionarymonetarypolicyabsoluteadvantagecontraction/recessionwhen theprices goesup quantitysuppliedgoes upscarcitycyclicalpeakWhensomeoneactively looksfor a job butcan’t find onecontractionaryfiscal policyWhen pricegoes upquantitydemandedgoes downequilibriumexpansionaryfiscal policyexpansionopportunitycostsurplusland labor capitalandentrepreneurship

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