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