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

00:00
Question # 1

Which theory is generally included under micro economics.

Question # 2

In the Keynesian model in the short run a decrease in government purchases causes output to _____ and the real interest rate to.

Question # 3

Marginal utility is equal to average utility at that time when average utility is.

Question # 4

The valued of expenditure multiplier relates.

Question # 5

A mathematical expression relating the amount of output produced to quantities of capital and labor utilized is the

Question # 6

The nominal interest rate minus the inflation rate is the

Question # 7

The IS curve shows the combinations of output and the real interest rate for which.

Question # 8

Ineven A occurs the payoff will be Rs.5,670.00 . the probability of event A occurring is .87 What is the expected payoff of event A.

Question # 9

In a private sector model

Question # 10

When plotted with the aggregate price level on the vertical axis and output on the horizontal axis which of the following curves is vertical.

Question # 11

An economics variable that moves in the same direction as aggregate economic activity is called.

Question # 12

Economists use the phrase ceteris paribus to express the assumption.

Question # 13

The natural rate of unemployed is generally thought of as the.

Question # 14

Classical economics think general equilibrium is attained relatively quickly because.

Question # 15

Which of the following factors will cause the demand curve for labor to shift to the right.

Question # 16

Which of the following is not included in gorses investment.

Question # 17

In a model in which there is no government new investment capital replacement or international trade the market value of final output equals.

Question # 18

Two independent variables are not independent of each other in a multiple regression problem The analyst most likely will be confronted with.

Question # 19

Which policy is an expenditure switching policy.

Question # 20

The long run foreign exchange rate between the U.S. and Japan is 200 Yen =Rs. 1 under a floating exchange rate Which of the following does 112 t occur if the Federal Reserve reduce the money supply in order to prevent the occurrence of inflation.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 A rise in the price of bond causes the yield of the bond to.
A. Rise
B. Fall
C. Remain unchanged
D. Rise uf ut's a short term bond, fall if it's a long term bond
2 Suppose nominal GNP is Rs.500 in year 1, the base year If the GNP deflator doubles by year 6 while real output has increased 40% nominal output in year 6 equals.
A. Rs.2000
B. Rs.1400
C. Rs.1000
D. Rs.750
3 The IS curve shows the combinations of output and the real interest rate for which.
A. The goods market is in equilibrium
B. The labor market is in equilibrium.
C. The financial assets market is in equilibrium
D. An increase in output will cause the market clearing interest rate to be bid up.
4 The regression equation for consumption as a function of disposable income is C = -60 + 0.90Y .the standard error of Y is 30 and the standard error of estimate is 9.5 What is the 95% confidence interval for C when Y is Rs. 1000 billion.
A. Rs.941 to Rs. 979
B. Rs.900 to Rs. 1,020
C. Rs.821 to Rs.859
D. Rs.780 to Rs.900
5 The gift exchange motive suggests that
A. Workers value benefits like health insurance more than job security
B. Workers prefer a nice work environment even if they must accept lower wages.
C. Workers who feel well treated will work harder and more efficiently
D. Workers will shirk if they are paid a low wage
6 Given the Is -LM construction of the figure above an unexpected increase in the price level, in the absence of any policy adjustment will.
A. Increase both interest rates and GNP
B. Reduce both interest rates and GNP
C. Increase GNP but cause interest rates to tall
D. Increase interest but cause GNP to fall.
7 If equilibrium national income is less than the full employment the gap can be closed by.
A. Raising taxes
B. Decreasing government expenditures
C. Raising taxes and decreasing government expenditures.
D. Increasing government expenditures.
8 An expansionary supply side shock results in.
A. An increased real national income
B. The aggregate supply curve shifting to the left
C. The aggregate demand curve shifting to the right
D. The aggregate demand curve shifting to the left
9 Which of the following changes shifts the AD curve down and to the left.
A. A temporary increase in government purchases.
B. A rise in the nominal money supply
C. A decrease in corporate taxes
D. A decrease in consumer confidence
10 In the efficiency wage model if the real wage is higher than the market clearing wage so that there in an excess supply of labor.
A. Firms will hire new workers at lower wages
B. Firms will replace high paid workers with low paid formerly unemployed workers
C. Employers will not hire workers who are willing to work for a lower wage.
D. Firms will demand a higher level of effort from existing employees

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