expansionabsoluteadvantagefrictionalequilibriumcyclicalexpansionarymonetarypolicyincrease in theprice level ofgoods/servicescontractionaryfiscal policyWhensomeoneactively looksfor a job butcan’t find onescarcitycontraction/recessionopportunitycostpeakthecomponentsof GDPsurplusland labor capitalandentrepreneurshipcontractionarymonetarypolicywhen theprices goesup quantitysuppliedgoes upstructuraltroughcomparativeadvantageexpansionaryfiscal policyWhen pricegoes upquantitydemandedgoes downshortageexpansionabsoluteadvantagefrictionalequilibriumcyclicalexpansionarymonetarypolicyincrease in theprice level ofgoods/servicescontractionaryfiscal policyWhensomeoneactively looksfor a job butcan’t find onescarcitycontraction/recessionopportunitycostpeakthecomponentsof GDPsurplusland labor capitalandentrepreneurshipcontractionarymonetarypolicywhen theprices goesup quantitysuppliedgoes upstructuraltroughcomparativeadvantageexpansionaryfiscal policyWhen pricegoes upquantitydemandedgoes downshortage

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