What is the FederalReserve trying toachieve when they tryto control theunemployment rateand pricestability?/Monetarypolicy mandateIncreasingreserverequirementswould causeGDPto?/decreaseArecessionarygap would beto the ____ ofthe LRAS./leftWhat would anexpansionary policyresolve?/RecessionarygapConsumerspending and realGDP have a(n)____relationship./directWhat do openmarketoperations buyandsell?/GovernmentsecuritiesWhat part of theFederal OpenMarket Committeehelps set upmonetary policy forthe nation?/TheBoard of GovernorsWhen the FederalReserve is settingpolicies, what isthe target inflationrate they try toachieve?/2%How wouldloweringtaxes affectAD?/Shift tothe rightWho has a say infiscalpolicy?/Congressand the presidentWhat is not apart of fiscalpolicy?/InterestrateAn inflationarygap would beto the ___ oftheLRAS./rightWho has a sayin monetarypolicy?/Federalopen marketcommitteeWhat is onefunction of thefederal reservesystem?/FinancialservicesWhat would acontractionary policyresolve?/InflationarygapWhatemploymentrate is ideal forthe FederalReserve?/5-5.2%What is taxpolicy a partof?/FiscalpolicyIf taxes decreasedand gov’t spendingincreased what wouldhappen to businessinvestment?/increaseBuying andselling bondsaffects whichpolicy?/monetaryTaxes and price levelhave a(n) ____relationship./indirectWhat is a formof a gov’tsecurity?/bondsHow wouldincreasingdiscount rateaffect AD?/Shiftto the leftHow manypeople in thefederal openmarketcommittee?/19Name the threefunctions of theFederalReserve./Monetarypolicy, paymentservices, supervision& regulationWhat is the FederalReserve trying toachieve when they tryto control theunemployment rateand pricestability?/Monetarypolicy mandateIncreasingreserverequirementswould causeGDPto?/decreaseArecessionarygap would beto the ____ ofthe LRAS./leftWhat would anexpansionary policyresolve?/RecessionarygapConsumerspending and realGDP have a(n)____relationship./directWhat do openmarketoperations buyandsell?/GovernmentsecuritiesWhat part of theFederal OpenMarket Committeehelps set upmonetary policy forthe nation?/TheBoard of GovernorsWhen the FederalReserve is settingpolicies, what isthe target inflationrate they try toachieve?/2%How wouldloweringtaxes affectAD?/Shift tothe rightWho has a say infiscalpolicy?/Congressand the presidentWhat is not apart of fiscalpolicy?/InterestrateAn inflationarygap would beto the ___ oftheLRAS./rightWho has a sayin monetarypolicy?/Federalopen marketcommitteeWhat is onefunction of thefederal reservesystem?/FinancialservicesWhat would acontractionary policyresolve?/InflationarygapWhatemploymentrate is ideal forthe FederalReserve?/5-5.2%What is taxpolicy a partof?/FiscalpolicyIf taxes decreasedand gov’t spendingincreased what wouldhappen to businessinvestment?/increaseBuying andselling bondsaffects whichpolicy?/monetaryTaxes and price levelhave a(n) ____relationship./indirectWhat is a formof a gov’tsecurity?/bondsHow wouldincreasingdiscount rateaffect AD?/Shiftto the leftHow manypeople in thefederal openmarketcommittee?/19Name the threefunctions of theFederalReserve./Monetarypolicy, paymentservices, supervision& regulation

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