(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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Demand Pull Inflation
Excise Tax
Indicator that changes after the business cycle changes
Indicator that changes at the same time the business cycle changes
Increase Taxes
Coincident Indicator
Real GDP
Phase of the business cycle where people start losing jobs, consumer spending starts to slow down
Taxes
Government Spending
Federal Budget
Would the government have to increase or decrease spending during an inflation?
Tax increase as income increases
GDP using current prices
Where does the federal government get most of its revenue from?
Recovery/Expansion
Cyclical Unemployoment
The government is spending more money than what they are taking in
Fiscal Policy
GDP Adjusted for inflation
The government's policy on spending and taxation
Budget Surplus
Phase of the business cycle where banks and multiple businesses start to shut down
Peak/Prosperity
What are the three tools of fiscal policy?
Lagging Indicator
The government is taking in more money than what they are spending
Decrease Taxes
Recession/Contraction
Progressive Tax
Full Employment
When only 5% of the working force is without a job
Phase of the business cycle where there is full employment and GDP stops rising
What type of employment is when someone is done with high school or college and is trying to find a job?
Phase of the business cycle where consumer spending starts to pick back up and workers are being hired back
Frictional Unemployment
Who is responsible for making Fiscal Policy Decisions?
In a inflation would the government have to increase or decrease taxes?
Trough/Depression
Congress
Federal Income Tax
In a recession would the government increase or decrease taxes?
Decrease Spending
Cost Push Inflation
Inflation that occurs when producers raise their prices to meet increased cost
Budget Deficit
When someone loses their job because of a change in the business cycle? This is what type of unemployment?
Tax on alcohol, tobacco and gas
Inflation that occurs when demand for goods and services exceeds existing supply
Leading Indicator
Indicators that change before the business cycle changes