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

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 # 2

Which of the following changes shifts the SRAS curve up.

Question # 3

"Economics is a science " the basis of this statement is.

Question # 4

In market economics the incentive that draws entrepreneurs into industry is.

Question # 5

If the foreign interest rate is 12% while the domestic interest rate in 95 then the forward premium will be.

Question # 6

Where there is an equal increase in net tax revenue and government spending, ceteris paribus.

Question # 7

Capital goods are

Question # 8

An adverse supply shock that is permanent shifts which curve in addition to the curves shifted by.
One that is temporary.

Question # 9

An increase in autonomous net exports

Question # 10

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

Question # 11

When the economy goes into are cession there's an increase in.

Question # 12

In the short run in the Keynesian model a sharp increase in oil prices would leave the economy with a ____ level of output and a ______ real interest rate.

Question # 13

In the long run an increase in consumer spending would cause output to ________ and the price level to.___________

Question # 14

The origin of the idea of a trae off between inflation and unemployment was a 1958 article by

Question # 15

Economics is the science of Wealth who gave this definition.

Question # 16

The low point in the business cycle is referred to as the

Question # 17

If the economy is in equilibrium at Rs. 180 billion and taxes are reduced by Rs.20 billion, find the new equilibrium given that this is a simple economy i.e. exogenous government spending tax collection and investment spending and a marginal propensity to consume of . .75

Question # 18

Which of the following is not a category of consumption spending in the national income accounts.

Question # 19

The break even level of income where C = Y is

Question # 20

Economic planning by enteral government agencies is primarily associated with

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 In a mixed economy the economic decisions of what to produce how to produce, and who will receive products are made by
A. The government
B. Consumers and firms
C. Banks and stock markets
D. Firms, consumers, and government.
2 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
3 Desired national saving would increase unambiguously if there were
A. An increase in current output and expected future output
B. An increase in expected future output and government purchases
C. An increase in expected future output and the expected real interest rate
D. A fall in both government purchases and expected future output
4 A temporary adverse productivity shock would.
A. Shift the labor supply curve upward
B. Decrease the level of employment
C. Decrease future income
D. Decrease the expected future marginal product of capital
5 For a borrower an increase in the real interest rate will lead to.
A. Higher current consumption and less borrowing
B. Higher current consumption and less saving
C. Lower current consumption and less borrowing
D. Lower current consumption and less saving
6 Which of the following assets is most liquid.
A. Shares of stock in IBM
B. Land
C. Gold
D. Currency
7 Which of the following is incorrect with respect to the consumption diagram.
A. the interest rate is a premium
B. MRS = (i +r)
C. The consumer will be lender in time zero
D. The consumer lends 700
8 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
9 A variable whose value is determined witching an economic theory or model is.
A. Exogenous
B. Independent
C. Deterministic
D. Endogenous
10 Given the IS equation Y = Ke a - Ke Bn the IS slope decreases when
A. Ke increase and b increases
B. Ke decreases and b increases
C. Ke increases and b decreases
D. Ke decreas4es and b decreases

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