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

Quality controlleers at the LMN corporation formulate the null hypothesis that the proportion of defective items in the production line is 10% they reject this hypothesis when they find 12 defective items in 100. If the defective rate is really 10% What type of error did they make.

Question # 2

Fractional unemployment arises when

Question # 3

Equilibrium occurs in a two sector model when

Question # 4

An increase in total production causes the demand for money to _____ and the interest rate to ______

Question # 5

Keynes considered subjective and objective factors.

Question # 6

An increase in the marginal propensity to import.

Question # 7

The sign of the simple correlation coefficient is determined by

Question # 8

Which of the following assets is most liquid.

Question # 9

Keynesian economists think general equilibrium is not attained quickly because.

Question # 10

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 # 11

After a temporary beneficial supply shock hits the economy general equilibrium is restored by

Question # 12

A decrease in the effective tax rate on capital would cause the IS curve to.

Question # 13

The short run aggregate supply curve the absence of misperceptions.

Question # 14

The term household production refers to

Question # 15

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

Question # 16

A disadvantage of chain weighting is that

Question # 17

A Rs.10 increase in autonomous investment spending shifts IS

Question # 18

Monetary expansion can still be effective in getting out of liquidity trap if it's combined with.

Question # 19

Which of the following factors will cause the demand curve for labor to shift to the right.

Question # 20

The equation for the IS curve is.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 When the economy goes into are cession there's an increase in.
A. Frictional unemployment
B. structural unemployment
C. Cyclical unemployment
D. Voluntary unemployment
2 Which of the following is not a primary cause of business cycle fluctuations according to real business cycle theory.
A. A change in the production function
B. A change in the size of the labor force
C. A change in the money supply
D. A change in the real quantity of government purchases
3 A rise in the exchange rate value of the rupee will most likely cause.
A. A dollar to be worth less in learns of other currencies.
B. Imports to decrease
C. Exports to increase
D. The balance of payments curve to shift to the left
4 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.
5 A decrease in wealth would cause the IS curve to
A. Shift up and to the right
B. Shift down and to the left
C. Remain unchanged
D. Shift up and to the right only in poeple face borrowing constraints.
6 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
A. Rs. 1.25
B. Rs.1.125
C. Rs.1,200
D. Rs.1,100
7 Which of the following procedures is included in the process that produces a value for disposable personal income
A. subtracting excies and sales taxes
B. Subtracting nonbusiness interest
C. Subtracting transfer payment from government.
D. subtracting income taxes
8 Which of the following macro economic variables is the most seasonally pro cyclical.
A. Expenditure on services
B. The unemployment rate
C. Expenditure on durable goods
D. The real wage
9 An increase in the expected future marginal product of capital would cause the IS curve to.
A. Shift up and to the right
B. Shift down and to the left
C. Remain unchanged if firms face borrowing constraints otherwise shift down and to the left
D. Remain changed
10 The fac that the production function relating output to labor becomes flatter as wemove from left to right means that.
A. The marginal product of labor is positive
B. The marginal product of capital is positive
C. There is diminishing marginal productivity of labor
D. There is diminishing marginal productivity of capital

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