What is the FederalReserve trying toachieve when they tryto control theunemployment rateand pricestability?/Monetarypolicy mandateName the threefunctions of theFederalReserve./Monetarypolicy, paymentservices, supervision& regulationWhat is a formof a gov’tsecurity?/bondsHow wouldloweringtaxes affectAD?/Shift tothe rightTaxes and price levelhave a(n) ____relationship./indirectWhat would anexpansionary policyresolve?/RecessionarygapWhat do openmarketoperations buyandsell?/GovernmentsecuritiesWhatemploymentrate is ideal forthe FederalReserve?/5-5.2%What is onefunction of thefederal reservesystem?/FinancialservicesWhen the FederalReserve is settingpolicies, what isthe target inflationrate they try toachieve?/2%How manypeople in thefederal openmarketcommittee?/19Increasingreserverequirementswould causeGDPto?/decreaseArecessionarygap would beto the ____ ofthe LRAS./leftHow wouldincreasingdiscount rateaffect AD?/Shiftto the leftWhat is taxpolicy a partof?/FiscalpolicyAn inflationarygap would beto the ___ oftheLRAS./rightConsumerspending and realGDP have a(n)____relationship./directIf taxes decreasedand gov’t spendingincreased what wouldhappen to businessinvestment?/increaseWhat is not apart of fiscalpolicy?/InterestrateWhat would acontractionary policyresolve?/InflationarygapWho has a sayin monetarypolicy?/Federalopen marketcommitteeBuying andselling bondsaffects whichpolicy?/monetaryWho has a say infiscalpolicy?/Congressand the presidentWhat part of theFederal OpenMarket Committeehelps set upmonetary policy forthe nation?/TheBoard of GovernorsWhat is the FederalReserve trying toachieve when they tryto control theunemployment rateand pricestability?/Monetarypolicy mandateName the threefunctions of theFederalReserve./Monetarypolicy, paymentservices, supervision& regulationWhat is a formof a gov’tsecurity?/bondsHow wouldloweringtaxes affectAD?/Shift tothe rightTaxes and price levelhave a(n) ____relationship./indirectWhat would anexpansionary policyresolve?/RecessionarygapWhat do openmarketoperations buyandsell?/GovernmentsecuritiesWhatemploymentrate is ideal forthe FederalReserve?/5-5.2%What is onefunction of thefederal reservesystem?/FinancialservicesWhen the FederalReserve is settingpolicies, what isthe target inflationrate they try toachieve?/2%How manypeople in thefederal openmarketcommittee?/19Increasingreserverequirementswould causeGDPto?/decreaseArecessionarygap would beto the ____ ofthe LRAS./leftHow wouldincreasingdiscount rateaffect AD?/Shiftto the leftWhat is taxpolicy a partof?/FiscalpolicyAn inflationarygap would beto the ___ oftheLRAS./rightConsumerspending and realGDP have a(n)____relationship./directIf taxes decreasedand gov’t spendingincreased what wouldhappen to businessinvestment?/increaseWhat is not apart of fiscalpolicy?/InterestrateWhat would acontractionary policyresolve?/InflationarygapWho has a sayin monetarypolicy?/Federalopen marketcommitteeBuying andselling bondsaffects whichpolicy?/monetaryWho has a say infiscalpolicy?/Congressand the presidentWhat part of theFederal OpenMarket Committeehelps set upmonetary policy forthe nation?/TheBoard of Governors

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