What part of theFederal OpenMarket Committeehelps set upmonetary policy forthe nation?/TheBoard of GovernorsHow wouldloweringtaxes affectAD?/Shift tothe rightArecessionarygap would beto the ____ ofthe LRAS./leftIncreasingreserverequirementswould causeGDPto?/decreaseHow wouldincreasingdiscount rateaffect AD?/Shiftto the leftWhat is the FederalReserve trying toachieve when they tryto control theunemployment rateand pricestability?/Monetarypolicy mandateAn inflationarygap would beto the ___ oftheLRAS./rightWhat is onefunction of thefederal reservesystem?/FinancialservicesWhen the FederalReserve is settingpolicies, what isthe target inflationrate they try toachieve?/2%Who has a sayin monetarypolicy?/Federalopen marketcommitteeBuying andselling bondsaffects whichpolicy?/monetaryWhat would anexpansionary policyresolve?/RecessionarygapWhatemploymentrate is ideal forthe FederalReserve?/5-5.2%What would acontractionary policyresolve?/InflationarygapConsumerspending and realGDP have a(n)____relationship./directHow manypeople in thefederal openmarketcommittee?/19What is not apart of fiscalpolicy?/InterestrateWhat is taxpolicy a partof?/FiscalpolicyWhat is a formof a gov’tsecurity?/bondsIf taxes decreasedand gov’t spendingincreased what wouldhappen to businessinvestment?/increaseWhat do openmarketoperations buyandsell?/GovernmentsecuritiesTaxes and price levelhave a(n) ____relationship./indirectName the threefunctions of theFederalReserve./Monetarypolicy, paymentservices, supervision& regulationWho has a say infiscalpolicy?/Congressand the presidentWhat part of theFederal OpenMarket Committeehelps set upmonetary policy forthe nation?/TheBoard of GovernorsHow wouldloweringtaxes affectAD?/Shift tothe rightArecessionarygap would beto the ____ ofthe LRAS./leftIncreasingreserverequirementswould causeGDPto?/decreaseHow wouldincreasingdiscount rateaffect AD?/Shiftto the leftWhat is the FederalReserve trying toachieve when they tryto control theunemployment rateand pricestability?/Monetarypolicy mandateAn inflationarygap would beto the ___ oftheLRAS./rightWhat is onefunction of thefederal reservesystem?/FinancialservicesWhen the FederalReserve is settingpolicies, what isthe target inflationrate they try toachieve?/2%Who has a sayin monetarypolicy?/Federalopen marketcommitteeBuying andselling bondsaffects whichpolicy?/monetaryWhat would anexpansionary policyresolve?/RecessionarygapWhatemploymentrate is ideal forthe FederalReserve?/5-5.2%What would acontractionary policyresolve?/InflationarygapConsumerspending and realGDP have a(n)____relationship./directHow manypeople in thefederal openmarketcommittee?/19What is not apart of fiscalpolicy?/InterestrateWhat is taxpolicy a partof?/FiscalpolicyWhat is a formof a gov’tsecurity?/bondsIf taxes decreasedand gov’t spendingincreased what wouldhappen to businessinvestment?/increaseWhat do openmarketoperations buyandsell?/GovernmentsecuritiesTaxes and price levelhave a(n) ____relationship./indirectName the threefunctions of theFederalReserve./Monetarypolicy, paymentservices, supervision& regulationWho has a say infiscalpolicy?/Congressand the president

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