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