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