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