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

Which of the following methods is used for internalizaing positive externalities

Question # 2

The equilibrium level of employment achieved after the complete adjustment of wages and prices, is known as the.

Question # 3

The regression results indicate that the standard error of estimate is.

Question # 4

Real business cycle theorists think that most business cycle fluctuations are caused by shocks to.

Question # 5

Which of the following macro economic variables doesn't vary much ove the seasons.

Question # 6

The normal interest rate minus the inflation rate is the

Question # 7

The data indicates that country A in billions of rupees is experiencing a

Question # 8

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.

Question # 9

Which of the following is not a primary cause of business cycle fluctuations according to real business cycle theory.

Question # 10

For interior commodities income effect is.

Question # 11

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.

Question # 12

Given the data above, the empirical equation for the IS curve is.

Question # 13

The equation for a givne production function is Q = K2 + KL, initially K = 2 and L = 1 if the value of both inputs is doubted the production function exhibite.

Question # 14

Which of the following does not result in an increase in U.S. autonomous net exports.

Question # 15

An increase labor supply would cause the IS curve to.

Question # 16

Keynesian economists think general equilibrium is not attained quickly because.

Question # 17

A temporary decrease in government purchases would cause.

Question # 18

If the reserve deposit ratio is 0.25 and the ratio of currency in circulation to deposits is 0.3, the potential money multiplier will have a value of.

Question # 19

Total factor productivity growth is that part of economic growth due to.

Question # 20

Expansionary monetary policy

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 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
2 When investment spending is negatively related to the rate of interest, equilibrium income in the goods market.
A. Is unrelated to the rate of interest
B. Is positively related to the rate or interest
C. Inversely related to the rate of interest
D. Falls as the rate of interest decreases
3 The expected real interest rate minus expected inflation rate.
A. Nominal interest rate minus inflation rate
B. Nominal interest rate minus expected inflation rate.
C. Expected nominal interest rate minus inflation rate
D. Nominal interest rate plus expected inflation rate.
4 From a Keynesian perspective business investment will de cline as a result of.
A. A fall in the interest rate
B. A decrease in business taxes
C. A decline in business expectations
D. Acceleration of business depreciation
5 Which of the following will not result in an increase in the level of income.
A. An increase in autonomous spending
B. A decrease in autonomous taxes
C. An increase in autonomous transfers
D. an increased in net tax revenues
6 To ensure that the fundamental identity of national income accounting holds changes in inventories are.
A. Ignored
B. Counted as consumption
C. Treated as part of saving
D. Treated as part of expenditure
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 If the expected rate of inflation rose at the same time the natural rate of unemployment rose the Philips curve.
A. would shift down
B. would shift up
C. Would not move
D. Might shift up or down or not move depending on which effect was larger.
9 Expansionary monetary policy
A. Tends to lead to an appreciation of nation's currency
B. Usually has no effect on a currency's exchange value
C. Tends to lea dto a depreciation of the currencies of other nations
D. Tends to lead to a depreciation of a nation's currency.
10 The aggregate demand curve shows the combinations of output and the price level that put the economy on.
A. The FE line and the IS curve
B. The FE line The IS curve and the LM curve
C. The IS curve
D. The IS curve and the LM curve

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