(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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Increase Taxes
Peak/Prosperity
Nominal GDP
Phase of the business cycle where banks and multiple businesses start to shut down
Coincident Indicator
Excise Tax
Leading Indicator
GDP Adjusted for inflation
Tax on alcohol, tobacco and gas
Recession/Contraction
Indicator that changes after the business cycle changes
In a recession would the government increase or decrease taxes?
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
The government is spending more money than what they are taking in
Fiscal Policy
Tax increase as income increases
Lagging Indicator
Phase of the business cycle where people start losing jobs, consumer spending starts to slow down
Who is responsible for making Fiscal Policy Decisions?
Congress
Progressive Tax
Inflation that occurs when producers raise their prices to meet increased cost
What type of employment is when someone is done with high school or college and is trying to find a job?
GDP using current prices
In a inflation would the government have to increase or decrease taxes?
Federal Income Tax
Cost Push Inflation
Demand Pull Inflation
Budget Surplus
Full Employment
Would the government have to increase or decrease spending during an inflation?
The government is taking in more money than what they are spending
Decrease Taxes
Indicators that change before the business cycle changes
Trough/Depression
What are the three tools of fiscal policy?
Indicator that changes at the same time the business cycle changes
Decrease Spending
When someone loses their job because of a change in the business cycle? This is what type of unemployment?
Recovery/Expansion
Cyclical Unemployoment
Where does the federal government get most of its revenue from?
Budget Deficit
The government's policy on spending and taxation
Taxes
Government Spending
Federal Budget
Inflation that occurs when demand for goods and services exceeds existing supply
Frictional Unemployment
Real GDP
Phase of the business cycle where consumer spending starts to pick back up and workers are being hired back