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