thecomponentsof GDPWhen pricegoes upquantitydemandedgoes downwhen theprices goesup quantitysuppliedgoes upequilibriumscarcityopportunitycostexpansioncontraction/recessioncomparativeadvantageabsoluteadvantageexpansionaryfiscal policyland labor capitalandentrepreneurshiptroughshortagepeakWhensomeoneactively looksfor a job butcan’t find oneexpansionarymonetarypolicystructuralsurpluscyclicalcontractionarymonetarypolicyfrictionalcontractionaryfiscal policyincrease in theprice level ofgoods/servicesthecomponentsof GDPWhen pricegoes upquantitydemandedgoes downwhen theprices goesup quantitysuppliedgoes upequilibriumscarcityopportunitycostexpansioncontraction/recessioncomparativeadvantageabsoluteadvantageexpansionaryfiscal policyland labor capitalandentrepreneurshiptroughshortagepeakWhensomeoneactively looksfor a job butcan’t find oneexpansionarymonetarypolicystructuralsurpluscyclicalcontractionarymonetarypolicyfrictionalcontractionaryfiscal policyincrease in theprice level ofgoods/services

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