PPSC Economics Topic 3 MCQS Test Preparation

Are you getting prepared for the PPSC economics test to appear for the upcoming positions? Well, you are offered the best wishes for your attempt. However, at the same time, the team of Ilmkidunya invites all the candidates to get a better solution for PPSC examination preparation. Students can find sample PPSC online tests. These tests will make the students able to know the exact paper pattern and also help them to sort out the important questions according to examination. Here on this page, the test of Topic 3, Macroeconomics is offered. However, students can also attempt the tests of other Topic through separate sections and pages.

MCQ's Test For PPSC Economics Topic 3 Macro Economics

Try The MCQ's Test For PPSC Economics Topic 3 Macro Economics

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PPSC Economics Topic 3 Macro Economics

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Question # 1

The multiplier which specifically refers to an equal increase in government spending and taxes, giving rise to that same equal increase in national income is called.

Question # 2

Suppose the intersection of the IS and LM curves is to the left of the FE line A decrease in the price level would most likely. eliminate a disequilibrium among the asset labor and goods markets by.

Question # 3

The long run aggregate supply curve.

Question # 4

The break even level of income where C = Y is

Question # 5

When the export function is Rs.100-0.2 Y , net exports are 0 when income is .

Question # 6

According to Keynesian macro economics price adjust _____ to shocks, so the government should.

Question # 7

A situation in which expansionary in monetary policy has no effect on the economy is known as.

Question # 8

For interior commodities income effect is.

Question # 9

Which of the following solutions does the economist suggest to cost inflation in higher education.

Question # 10

Given the IS equation Y = Ke a - Ke Bn the IS slope decreases when

Question # 11

All of the following are obstacles to international economic policy coordination except.

Question # 12

Appreciation of the U.S. dollar results in.

Question # 13

Banks can create money

Question # 14

Which of the following will not result in an increase in the level of income.

Question # 15

The appropriate expenditure switching policy to correct a balance of payments deficit is.

Question # 16

Assuming that money is neutral an increase in the nominal money supply would causes.

Question # 17

Ahmed uses dummy variables in order to determine the monthly seasonal effect in her regression model. The number of dummy variables used will be.

Question # 18

Which of the following macroeconomic variables is procyclical and lags the business cycle.

Question # 19

Using the Keynesian model the effect of an increase in the effective tax rate on capital would be to cause _________ in the real interest rate and ______ in output in the short run.

Question # 20

If X becomes more expansive i relation to Y, what happens to the budget line in the X - Y space, with Y on the vertical axis.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 The appropriate expenditure switching policy to correct a balance of payments deficit is.
A. Contractionary monetary policy
B. expansionary fiscal policy
C. Currency devolution
D. Currency revaluation
2 When GNP is Rs.500 billion and consumption expenditures are Rs.300 billion.
A. the MPC is 6
B. The MPS is 4
C. The Multiplier is 2.5
D. None of the above
3 Suppose there is full employment and positively sloped aggregate supply schedule A decrees in taxes increases.
A. The price level and real output
B. the prie level but has no effect on real output
C. Real output but has no effect on the price level
D. The nominal and real wage
4 For interior commodities income effect is.
A. Zero
B. Negative
C. Infinite
D. Positive
5 When the value of output exceeds planned spending .
A. There is unsold output, and the level of income will fall
B. there is unsold output and the level of income will rise
C. There is unsold output, and the level of income does not change.
D. All of the above
6 The value of real GDP in the current year equals.
A. The value of current year output in prices of the base year
B. The value of current year output in pries of the current year
C. The value of base year output in prices of the base year
D. The value of base year output in prices of the current year
7 Which market adjusts the quickest in response to shocks to the economy.
A. The asset market
B. The labor market
C. The goods market
D. In the macro economy
8 Which of the following macro economic variables is procyclical and coincident with the business cycle.
A. Residential investment
B. Nominal interest rates
C. Industrial production
D. Unempolyment
9 If the sampi is accepted as coming from a universe with a mean of Rs.500 or greater when if doesn't.
A. A Type II error is made
B. A type I error is mad
C. The alternative hypothesis is correct.
D. A and C are correct
10 Hyperinflation occurs when
A. The inflation rate rises
B. The inflation Tate declines
C. The inflation rate is extremely high
D. The inflation rate is extremely low

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