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