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