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 short run aggregate supply curve the absence of misperceptions.

Question # 2

Ahmed regression model yields a Durbin Watson d statistic whose value is 0.002. The results indicate.

Question # 3

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

Question # 4

The hypothesis would the tested with

Question # 5

Which of the following in a graph with interest rates and income on the vertical and horizontal axes, does not shift the balance of payments curve to the right.

Question # 6

The sign of the simple correlation coefficient is determined by

Question # 7

When GNP is Rs.500 billion and consumption expenditures are Rs.300 billion.

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 the monetary base is increased by $1,000 and the reserve requirement is 10% by how much will the money supply be increased.

Question # 10

In the product market of the circular flow model.

Question # 11

In the Keynesian model in the long run an increase in the money supply will raise

Question # 12

If nominal GNP were Rs.1000 ballooning 1976 and Rs.2200 billion in 1986, and the implicit GNP deflator was. 1.2 in 1976 and 1.6 in 1986 concluded that .

Question # 13

If the Nominal GNP of an economy rose from Rs. 5000 to 5500 between 1985 and 1986 while the price index rose from 100 to 110 during the same period real GNP

Question # 14

To ensure that the fundamental identity of national income accounting holds changes in inventories are.

Question # 15

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

Question # 16

A beneficial supply shock would cause.

Question # 17

Economics is the science of Wealth who gave this definition.

Question # 18

Which of the following changes shifts the AD curve down and to the left.

Question # 19

An economy is in inflationary equilibrium A sustained increase in government appending shifts.

Question # 20

In the Keynesian model which curve is vertical.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 A mathematical expression relating the amount of output produced to quantities of capital and labor utilized is the.
A. Real interest rate
B. Productivity relation
C. Production function
D. Marginal product
2 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
3 If the expected inflation rate is unchanged a fall in the natural rate of unemployment would.
A. shift the Phillips curve to the right
B. Not Shift the phillips curve
C. Shift the Phillips curve to the left
D. shift the Phillips curve to the left shift the long -run Philips curve to the right
4 Marginal utility is equal to average utility at that time when average utility is.
A. Increasing
B. Maximum
C. Falling
D. Minimum
5 Where there is an equal increase in net tax revenue and government spending, ceteris paribus.
A. (C+I+G) is shifting upward
B. (C+I+G) is shifting downward
C. (C+I+G) does not shift
D. All of these
6 An adverse supply shock that is permanent shifts which curve in addition to the curves shifted by.
One that is temporary.
A. The LM curve
B. The IS curve
C. The FE line
D. The labor demand curve
7 Which of the following is an economic activity.
A. Teaching of a teacher in the school.
B. To teach son at home
C. To serve her child by mother
D. to play foot ball by a student
8 The practice of using fiscal and monetary policy to stabilize the economy is known as.
A. Fine turning of deamand
B. Monetarism
C. Laissez faire economics
D. Supply side economics
9 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.
10 A change that increase real money demand relative to the real money supply causes.
A. The LM curve to shift down and to the right
B. The LM curve to shift up and to the left
C. The IS curve to shift down and to the left
D. The IS curve to shift up and to the right

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