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
Marginal utility is equal to average utility at that time when average utility is.
Question # 2
Which of the following solutions does the economist suggest to cost inflation in higher education.
Question # 3
In the monetary base is increased by $1,000 and the reserve requirement is 10% by how much will the money supply be increased.
Question # 4
A temporary decline in productivity would cause the IS curve to.
Question # 5
Suppose your company is in equilibrium with its capital stock at the desired level A permanent decline in the expected real interest rate now has what effect on your desired capital stock
Question # 6
A firm's total labor cost when six workers are employed is Rs.580 When seven workers are employed the total labor cost is Rs.700 the Rs. 120 change in total labor cost represents.
Question # 7
A temporary adverse productivity shock would.
Question # 8
The reduction of the inflation rate is called
Question # 9
O kun's Law states that for each percentage point by which the unemployment rate is above the natural rate real GNP is 3% below potential GNP, if real GNP is Rs. 3,800 billion with the actual level of unemployment at 6.05 and the natural rate of unemployment at 4.5% then according to Okun's law the GNP gap is.
Question # 10
When all markets in the economy are simultaneously in equilibrium we say.
Question # 11
A decrease in wealth would cause the IS curve to
Question # 12
An adverse supply shock that is permanent shifts which curve in addition to the curves shifted by.
One that is temporary.
Question # 13
Firms hire labor at the point where the
Question # 14
"An Enquiry into the Nature and causes of wealth of Nations" is thebook of economist.
Question # 15
What is the level of savings for disposable income = Rs.5,000 if dissaving's of 50 occur at a disposable income of Rs.0 and a marginal propensity to save equal to 0.257
Question # 16
In the Keynesian model in the long run an increase in the money supply will raise
Question # 17
Hyperinflation occurs when
Question # 18
The idea that the natural rate of unemployment rises when the acual rate of unemployment rise is known s.
Question # 19
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.
Top Scorers Of PPSC Economics Topic 3 Macro Economics MCQ`s Test
F
Faiza Shehzad21 - Aug - 2022
16 Min 07 Sec
20/20
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Shiza Amir25 - May - 2022
02 Min 01 Sec
19/20
A
Amjad Ali07 - Jun - 2023
07 Min 07 Sec
13/20
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Mazhar Shahzad20 - Aug - 2022
13 Min 02 Sec
13/20
A
Ayyaz Ahmad04 - Jun - 2024
02 Min 59 Sec
12/20
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Kiran Naeem13 - May - 2023
03 Min 39 Sec
11/20
Y
Yasir Zada29 - May - 2022
08 Min 09 Sec
11/20
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Shama Suleman21 - May - 2022
09 Min 36 Sec
11/20
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ilham wahid01 - Jul - 2024
04 Min 33 Sec
10/20
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Tahir Nawaz11 - Jan - 2024
09 Min 44 Sec
10/20
M
Mahnoor NaSir24 - May - 2022
12 Min 00 Sec
10/20
D
DJ DJ19 - Aug - 2022
12 Min 42 Sec
10/20
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sidra Naeem22 - May - 2022
14 Min 25 Sec
10/20
Z
zaheer hussain16 - Jan - 2024
16 Min 32 Sec
10/20
A
Atiq Ur Rahman16 - Jun - 2023
19 Min 23 Sec
10/20
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
According to classical economists the economy.
A. Requires fine tuning to reach full employment
B. Should not be left to market forces
C. Will never be at full employment
D. Is self correction
3
In the monetary base is increased by $1,000 and the reserve requirement is 10% by how much will the money supply be increased.
A. $100
B. $1,000
C. $5,000
D. $10,000
4
When investment spending is negatively related to the rate of interest, equilibrium income in the goods market.
A. Is unrelated to the rate of interest
B. Is positively related to the rate or interest
C. Inversely related to the rate of interest
D. Falls as the rate of interest decreases
5
For interior commodities income effect is.
A. Zero
B. Negative
C. Infinite
D. Positive
6
If a Canadian dollar costs 0.75 in terms of U.S. dollars, how much Canadian money would an American need to spend in Canada to get a dollar's worth of U.S. value.
A. 25$
B. 99$
C. Rs.1.25
D. Rs.1.13
7
The short run aggregate supply curve the absence of misperceptions.
A. Is vertical
B. Slopes upward
C. Is horizontal
D. Slopes downward
8
The dynamic aggregate demand schedule shifts rightward when there is an increase in.
A. The expected rate of inflation ceteris paribus
B. The growth rate of the nominal money supply ceteris paribus
C. The income tax rate ceteris paribus
D. the current inflation rate celeries paribus
9
Characteristics of economic laws are
A. Mere statement of economic tenduencies
B. Less certain
C. Hypothetical
D. All of the above
10
Which of the following changes shifts the long run aggregate supply curve to the right.
A. A demographic change that increases the labor supply
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