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