What is the FederalReserve trying toachieve when they tryto control theunemployment rateand pricestability?/Monetarypolicy mandateName the threefunctions of theFederalReserve./Monetarypolicy, paymentservices, supervision& regulationWhen the FederalReserve is settingpolicies, what isthe target inflationrate they try toachieve?/2%What part of theFederal OpenMarket Committeehelps set upmonetary policy forthe nation?/TheBoard of GovernorsHow wouldloweringtaxes affectAD?/Shift tothe rightIncreasingreserverequirementswould causeGDPto?/decreaseAn inflationarygap would beto the ___ oftheLRAS./rightTaxes and price levelhave a(n) ____relationship./indirectWhat would anexpansionary policyresolve?/RecessionarygapIf taxes decreasedand gov’t spendingincreased what wouldhappen to businessinvestment?/increaseWhat is not apart of fiscalpolicy?/InterestrateWho has a sayin monetarypolicy?/Federalopen marketcommitteeHow manypeople in thefederal openmarketcommittee?/19What do openmarketoperations buyandsell?/GovernmentsecuritiesHow wouldincreasingdiscount rateaffect AD?/Shiftto the leftWhat is taxpolicy a partof?/FiscalpolicyWhat is onefunction of thefederal reservesystem?/FinancialservicesBuying andselling bondsaffects whichpolicy?/monetaryWhat is a formof a gov’tsecurity?/bondsWho has a say infiscalpolicy?/Congressand the presidentConsumerspending and realGDP have a(n)____relationship./directArecessionarygap would beto the ____ ofthe LRAS./leftWhat would acontractionary policyresolve?/InflationarygapWhatemploymentrate is ideal forthe FederalReserve?/5-5.2%What is the FederalReserve trying toachieve when they tryto control theunemployment rateand pricestability?/Monetarypolicy mandateName the threefunctions of theFederalReserve./Monetarypolicy, paymentservices, supervision& regulationWhen the FederalReserve is settingpolicies, what isthe target inflationrate they try toachieve?/2%What part of theFederal OpenMarket Committeehelps set upmonetary policy forthe nation?/TheBoard of GovernorsHow wouldloweringtaxes affectAD?/Shift tothe rightIncreasingreserverequirementswould causeGDPto?/decreaseAn inflationarygap would beto the ___ oftheLRAS./rightTaxes and price levelhave a(n) ____relationship./indirectWhat would anexpansionary policyresolve?/RecessionarygapIf taxes decreasedand gov’t spendingincreased what wouldhappen to businessinvestment?/increaseWhat is not apart of fiscalpolicy?/InterestrateWho has a sayin monetarypolicy?/Federalopen marketcommitteeHow manypeople in thefederal openmarketcommittee?/19What do openmarketoperations buyandsell?/GovernmentsecuritiesHow wouldincreasingdiscount rateaffect AD?/Shiftto the leftWhat is taxpolicy a partof?/FiscalpolicyWhat is onefunction of thefederal reservesystem?/FinancialservicesBuying andselling bondsaffects whichpolicy?/monetaryWhat is a formof a gov’tsecurity?/bondsWho has a say infiscalpolicy?/Congressand the presidentConsumerspending and realGDP have a(n)____relationship./directArecessionarygap would beto the ____ ofthe LRAS./leftWhat would acontractionary policyresolve?/InflationarygapWhatemploymentrate is ideal forthe FederalReserve?/5-5.2%

Fed 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.


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  1. What is the Federal Reserve trying to achieve when they try to control the unemployment rate and price stability?/Monetary policy mandate
  2. Name the three functions of the Federal Reserve./Monetary policy, payment services, supervision & regulation
  3. When the Federal Reserve is setting policies, what is the target inflation rate they try to achieve?/2%
  4. What part of the Federal Open Market Committee helps set up monetary policy for the nation?/The Board of Governors
  5. How would lowering taxes affect AD?/Shift to the right
  6. Increasing reserve requirements would cause GDP to?/decrease
  7. An inflationary gap would be to the ___ of the LRAS./right
  8. Taxes and price level have a(n) ____ relationship./indirect
  9. What would an expansionary policy resolve?/Recessionary gap
  10. If taxes decreased and gov’t spending increased what would happen to business investment?/increase
  11. What is not a part of fiscal policy?/Interest rate
  12. Who has a say in monetary policy?/Federal open market committee
  13. How many people in the federal open market committee?/19
  14. What do open market operations buy and sell?/Government securities
  15. How would increasing discount rate affect AD?/Shift to the left
  16. What is tax policy a part of?/Fiscal policy
  17. What is one function of the federal reserve system?/Financial services
  18. Buying and selling bonds affects which policy?/monetary
  19. What is a form of a gov’t security?/bonds
  20. Who has a say in fiscal policy?/Congress and the president
  21. Consumer spending and real GDP have a(n) ____ relationship./direct
  22. A recessionary gap would be to the ____ of the LRAS./left
  23. What would a contractionary policy resolve?/Inflationary gap
  24. What employment rate is ideal for the Federal Reserve?/5-5.2%