What is onefunction of thefederal reservesystem?/FinancialservicesWhat do openmarketoperations buyandsell?/GovernmentsecuritiesWhat would anexpansionary policyresolve?/RecessionarygapArecessionarygap would beto the ____ ofthe LRAS./leftConsumerspending and realGDP have a(n)____relationship./directTaxes and price levelhave a(n) ____relationship./indirectIf taxes decreasedand gov’t spendingincreased what wouldhappen to businessinvestment?/increaseWhatemploymentrate is ideal forthe FederalReserve?/5-5.2%What is not apart of fiscalpolicy?/InterestrateHow wouldincreasingdiscount rateaffect AD?/Shiftto the leftWho has a say infiscalpolicy?/Congressand the presidentIncreasingreserverequirementswould causeGDPto?/decreaseWhat part of theFederal OpenMarket Committeehelps set upmonetary policy forthe nation?/TheBoard of GovernorsAn inflationarygap would beto the ___ oftheLRAS./rightWhat is taxpolicy a partof?/FiscalpolicyWhat is the FederalReserve trying toachieve when they tryto control theunemployment rateand pricestability?/Monetarypolicy mandateBuying andselling bondsaffects whichpolicy?/monetaryName the threefunctions of theFederalReserve./Monetarypolicy, paymentservices, supervision& regulationWho has a sayin monetarypolicy?/Federalopen marketcommitteeHow manypeople in thefederal openmarketcommittee?/19What would acontractionary policyresolve?/InflationarygapWhen the FederalReserve is settingpolicies, what isthe target inflationrate they try toachieve?/2%What is a formof a gov’tsecurity?/bondsHow wouldloweringtaxes affectAD?/Shift tothe rightWhat is onefunction of thefederal reservesystem?/FinancialservicesWhat do openmarketoperations buyandsell?/GovernmentsecuritiesWhat would anexpansionary policyresolve?/RecessionarygapArecessionarygap would beto the ____ ofthe LRAS./leftConsumerspending and realGDP have a(n)____relationship./directTaxes and price levelhave a(n) ____relationship./indirectIf taxes decreasedand gov’t spendingincreased what wouldhappen to businessinvestment?/increaseWhatemploymentrate is ideal forthe FederalReserve?/5-5.2%What is not apart of fiscalpolicy?/InterestrateHow wouldincreasingdiscount rateaffect AD?/Shiftto the leftWho has a say infiscalpolicy?/Congressand the presidentIncreasingreserverequirementswould causeGDPto?/decreaseWhat part of theFederal OpenMarket Committeehelps set upmonetary policy forthe nation?/TheBoard of GovernorsAn inflationarygap would beto the ___ oftheLRAS./rightWhat is taxpolicy a partof?/FiscalpolicyWhat is the FederalReserve trying toachieve when they tryto control theunemployment rateand pricestability?/Monetarypolicy mandateBuying andselling bondsaffects whichpolicy?/monetaryName the threefunctions of theFederalReserve./Monetarypolicy, paymentservices, supervision& regulationWho has a sayin monetarypolicy?/Federalopen marketcommitteeHow manypeople in thefederal openmarketcommittee?/19What would acontractionary policyresolve?/InflationarygapWhen the FederalReserve is settingpolicies, what isthe target inflationrate they try toachieve?/2%What is a formof a gov’tsecurity?/bondsHow wouldloweringtaxes affectAD?/Shift tothe right

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