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