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

If sales are forecasted using an adaptive expectations model where the coefficient of adjustment .2, the sales forecast for 1986 is.

Question # 2

For a borrower an increase in the real interest rate will lead to.

Question # 3

Which of the following is a NOT component of M-2.

Question # 4

According to the efficiency wage model during a recession firms will not reduce real wages because.

Question # 5

Banks can create money

Question # 6

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

Question # 7

Classical economics believe that in the short run.

Question # 8

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

Question # 9

In the short run an increase in export sales would cause output to ______ and the price level to.

Question # 10

If investors expectations concerning the future are positive and thus increase investment at every interest rate the.

Question # 11

Friedman and phelps suggested that there should not be a stable relationship between inflation and unemployment, but here should be a stable relationship between

Question # 12

Which of the following macro economics variables is a cyclical.

Question # 13

The aggregate demand curve shows the combinations of output and the price level that put the economy on.

Question # 14

Economics is the science of Wealth who gave this definition.

Question # 15

The Laffer curve depicts

Question # 16

The three main components of the aggregate demand aggregate supply model include.

Question # 17

The government budget surplus equals

Question # 18

The costs of disinflation would be low if

Question # 19

The fact that the Production function relating output to capital becomes flatter as we move from left to right means that.

Question # 20

Which of the following will not result in an increase in the level of income.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 In the Keynesian model in the long run a decrease in the money supply will cause ___ in the interest rate and _____ in the price level.
A. An increase ; an increase
B. A decrease ; a decrees
C. No change ; an increase
D. No change ; a decrease
2 A nation experience external balance if it achieves.
A. No net changes in its international gold stocks
B. Productivity levels equal to those of its trading partners
C. An increases in its money supply equal to increases overseas
D. Equilibrium in its balance of payments
3 In the Keynesian model in the long run an increase in the money supply will raise
A. The price level but not the level of output
B. The level of output but not the price level
C. Both the level of output and the price level
D. Neither the level of output nor the price level
4 Keynesian economists think general equilibrium is not attained quickly because.
A. The real interest rate adjusts slowly
B. The level of output adjusts slowly
C. The real wage rate adjusts slowly
D. The price level adjusts quickly
5 The valued of expenditure multiplier relates.
A. The change in autonomous spending to the change in income
B. the change in consumption to change in income
C. The change in come to the change is consumption
D. The change in income to the change in autonomous spending.
6 "Economics is a science " the basis of this statement is.
A. Relation between causes and effect
B. Use of deductive method and inductive method for the formations of laws
C. experiments
D. All of the above
7 Full- employment output is the level of output that firms in the economy supply when
A. Taxes are zero
B. Wages and prices have fully adjusted
C. The unemployment rate in zero
D. All capital is fully utilized
8 During inflation.
A. Lenders lose borrowers gain.
B. Borrowers lose , lenders gain
C. The real interest rate rises
D. Borrowers and lenders both lose.
9 Which of the following changes shifts the SRAS curve down.
A. An increase in the labor force
B. An increase in the money supply
C. A decrease in government purchases
D. A decrease in firms costs
10 Banks can create money
A. Only by illegally printing additional dollar bills
B. By paying interest to their depositors
C. By making loans that result in additional deposits
D. By offering financial services, such as stick market brokerage

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