What part of theFederal OpenMarket Committeehelps set upmonetary policy forthe nation?/TheBoard of GovernorsWho has a sayin monetarypolicy?/Federalopen marketcommitteeWhat is taxpolicy a partof?/FiscalpolicyConsumerspending and realGDP have a(n)____relationship./directWhat would anexpansionary policyresolve?/RecessionarygapBuying andselling bondsaffects whichpolicy?/monetaryIf taxes decreasedand gov’t spendingincreased what wouldhappen to businessinvestment?/increaseHow manypeople in thefederal openmarketcommittee?/19Who has a say infiscalpolicy?/Congressand the presidentWhen the FederalReserve is settingpolicies, what isthe target inflationrate they try toachieve?/2%Whatemploymentrate is ideal forthe FederalReserve?/5-5.2%Arecessionarygap would beto the ____ ofthe LRAS./leftWhat do openmarketoperations buyandsell?/GovernmentsecuritiesHow wouldincreasingdiscount rateaffect AD?/Shiftto the leftWhat is onefunction of thefederal reservesystem?/FinancialservicesWhat is not apart of fiscalpolicy?/InterestrateWhat is a formof a gov’tsecurity?/bondsWhat is the FederalReserve trying toachieve when they tryto control theunemployment rateand pricestability?/Monetarypolicy mandateTaxes and price levelhave a(n) ____relationship./indirectName the threefunctions of theFederalReserve./Monetarypolicy, paymentservices, supervision& regulationIncreasingreserverequirementswould causeGDPto?/decreaseWhat would acontractionary policyresolve?/InflationarygapAn inflationarygap would beto the ___ oftheLRAS./rightHow wouldloweringtaxes affectAD?/Shift tothe rightWhat part of theFederal OpenMarket Committeehelps set upmonetary policy forthe nation?/TheBoard of GovernorsWho has a sayin monetarypolicy?/Federalopen marketcommitteeWhat is taxpolicy a partof?/FiscalpolicyConsumerspending and realGDP have a(n)____relationship./directWhat would anexpansionary policyresolve?/RecessionarygapBuying andselling bondsaffects whichpolicy?/monetaryIf taxes decreasedand gov’t spendingincreased what wouldhappen to businessinvestment?/increaseHow manypeople in thefederal openmarketcommittee?/19Who has a say infiscalpolicy?/Congressand the presidentWhen the FederalReserve is settingpolicies, what isthe target inflationrate they try toachieve?/2%Whatemploymentrate is ideal forthe FederalReserve?/5-5.2%Arecessionarygap would beto the ____ ofthe LRAS./leftWhat do openmarketoperations buyandsell?/GovernmentsecuritiesHow wouldincreasingdiscount rateaffect AD?/Shiftto the leftWhat is onefunction of thefederal reservesystem?/FinancialservicesWhat is not apart of fiscalpolicy?/InterestrateWhat is a formof a gov’tsecurity?/bondsWhat is the FederalReserve trying toachieve when they tryto control theunemployment rateand pricestability?/Monetarypolicy mandateTaxes and price levelhave a(n) ____relationship./indirectName the threefunctions of theFederalReserve./Monetarypolicy, paymentservices, supervision& regulationIncreasingreserverequirementswould causeGDPto?/decreaseWhat would acontractionary policyresolve?/InflationarygapAn inflationarygap would beto the ___ oftheLRAS./rightHow 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 part of the Federal Open Market Committee helps set up monetary policy for the nation?/The Board of Governors
  2. Who has a say in monetary policy?/Federal open market committee
  3. What is tax policy a part of?/Fiscal policy
  4. Consumer spending and real GDP have a(n) ____ relationship./direct
  5. What would an expansionary policy resolve?/Recessionary gap
  6. Buying and selling bonds affects which policy?/monetary
  7. If taxes decreased and gov’t spending increased what would happen to business investment?/increase
  8. How many people in the federal open market committee?/19
  9. Who has a say in fiscal policy?/Congress and the president
  10. When the Federal Reserve is setting policies, what is the target inflation rate they try to achieve?/2%
  11. What employment rate is ideal for the Federal Reserve?/5-5.2%
  12. A recessionary gap would be to the ____ of the LRAS./left
  13. What do open market operations buy and sell?/Government securities
  14. How would increasing discount rate affect AD?/Shift to the left
  15. What is one function of the federal reserve system?/Financial services
  16. What is not a part of fiscal policy?/Interest rate
  17. What is a form of a gov’t security?/bonds
  18. What is the Federal Reserve trying to achieve when they try to control the unemployment rate and price stability?/Monetary policy mandate
  19. Taxes and price level have a(n) ____ relationship./indirect
  20. Name the three functions of the Federal Reserve./Monetary policy, payment services, supervision & regulation
  21. Increasing reserve requirements would cause GDP to?/decrease
  22. What would a contractionary policy resolve?/Inflationary gap
  23. An inflationary gap would be to the ___ of the LRAS./right
  24. How would lowering taxes affect AD?/Shift to the right