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