PPSC Economics Topic 3 Macro Economics

Top Scorers Of PPSC Economics Topic 3 Macro Economics MCQ`s Test

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Faiza Shehzad 21 - Aug - 2022 16 Min 07 Sec 20/20
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Shiza Amir 25 - May - 2022 02 Min 01 Sec 19/20
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Amjad Ali 07 - Jun - 2023 07 Min 07 Sec 13/20
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Mazhar Shahzad 20 - Aug - 2022 13 Min 02 Sec 13/20
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Kiran Naeem 13 - May - 2023 03 Min 39 Sec 11/20
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Yasir Zada 29 - May - 2022 08 Min 09 Sec 11/20
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ilham wahid 01 - Jul - 2024 04 Min 33 Sec 10/20
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Mahnoor NaSir 24 - May - 2022 12 Min 00 Sec 10/20
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DJ DJ 19 - Aug - 2022 12 Min 42 Sec 10/20
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sidra Naeem 22 - May - 2022 14 Min 25 Sec 10/20
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zaheer hussain 16 - Jan - 2024 16 Min 32 Sec 10/20
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Atiq Ur Rahman 16 - Jun - 2023 19 Min 23 Sec 10/20

PPSC Economics Chapter 3 Important MCQ's

Sr.#	Question	Answer
1	A change that increases the real money supply relative to real money demand 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.
2	Classical economics believe that in the short run.	A. Money neutrality exists and prices adjust rapidly B. Money neutrality does not exist and prices adjust rapidly C. Money neutrality does not exist and prices adjust rapidly D. Money neutrality exists and prices do not adjust rapidly.
3	Suppose there is full employment and a neoclassical aggregate supply schedule A 105 increases in the nominal money supply.	A. Has no effect upon the price level B. Increase the rate of interest C. Increase the nominal wage 10% D. Increase the real money supply 10%
4	When the export function is Rs.100-0.2 Y , net exports are 0 when income is .	A. Rs.300 B. Rs.400 C. Rs.500 D. Rs.600
5	Which of the following changes shifts the long run aggregate supply curve to the right.	A. A demographic change that increases the labor supply B. A decrease in the demand for labor C. An increase in consumer confidence D. A decrease in taxes
6	In the efficiency wage model with the efficiency wage above the market clearing wage when employment is at its full employment level.	A. Labor supply equals labor demand B. There is an excess supply of labor C. there is an excess demand for labor D. There could be either an excess demand for or an excess supply of labor
7	What did economist Adam Smith identity as the "invisible hand" that directs the decision making of firms and households in a market economy.	A. Government B. Product demand C. Self interest D. International trade
8	A disadvantage of the barter system is that	A. No trade occurs B. People must produce all their own food clothing and shelter C. The opportunity to specialize is greatly reduced. D. Gold is the only unit of account
9	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.
10	When equilibrium in the money and goods markets occurs at a rate of interest below the BP schedule internal and external equilibrium for the United States can he achieved by.	A. Expanding the U.S. money supply B. Increasing government spending C. Increasing taxes D. Lowering interest rates in the united states.

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PPSC Economics Topic 3 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 3 Macro Economics

PPSC Economics Topic 3 Macro Economics

A mathematical expression relating the amount of output produced to quantities of capital and labor utilized is the

The gift exchange motive suggests that

Classical economics believe that in the short run.

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

Fractional unemployment arises when

An increase in autonomous net exports

An asset with zero carrying costs and a present value of Rs.50,000 will return continuous annual yield of Rs.5000 if the current and future rate of inters is.

Which of the following macro economics variables is a cyclical.

Whose opinions have revolutionized the scope of macro economics.

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.

If the foreign interest rate is 12% while the domestic interest rate in 95 then the forward premium will be.

If government tax function is T = 80 + .6 Y and the marginal propensity to consume is a constant 8 and increase in GNP of Rs.50 would cause consumption to.

The appropriate expenditure switching policy to correct a balance of payments deficit is.

If the price level for an economy was 100 in 1984 , 115 in 1985 and 125 in 1986 the rate of inflation between 1985 and 1986 was.

A mathematical expression relating the amount of output produced to quantities of capital and labor utilized is the.

Which of the following will cause a monetary induced change versus a fiscal induced change in equilibrium income as determined.by IS - LM analysis.

Which of the following assets is most liquid.

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

The aggregate supply of labor is the

If the expected inflation rate is unchanged a fall in the natural rate of unemployment would.

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Top Scorers Of PPSC Economics Topic 3 Macro Economics MCQ`s Test

PPSC Economics Chapter 3 Important MCQ's

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