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

  • Total Questions20

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PPSC Economics Topic 3 Macro Economics

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Question # 1

Which of the following procedures is included in the process that produces a value for disposable personal income

Question # 2

An increase in the expected future marginal product of capital would cause the IS curve to.

Question # 3

An increase in the marginal propensity to import.

Question # 4

Which of the following events would lead to an increase in the marginal product lf labor for every equantity labor.

Question # 5

Which of the following represents monetary policy geared to increases the supply of money.

Question # 6

The long run Phillips curve is

Question # 7

An increase in the expected real interest rate tends to.

Question # 8

A beneficial supply shock would cause.

Question # 9

The econometric problem of errors in variables leads to

Question # 10

The normal interest rate minus the inflation rate is the

Question # 11

Find the change in revenue to the industry due to the taxs.

Question # 12

Which of the following assets is most liquid.

Question # 13

When the Central Bank initiates actions which will lead to an increase in the supply of money IS -LM models tell us to expect that.

Question # 14

Where there is an equal increase in net tax revenue and government spending, ceteris paribus.

Question # 15

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

Question # 16

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

Question # 17

A Rs.10 increase in autonomous investment spending shifts IS

Question # 18

When the value of output exceeds planned spending .

Question # 19

When an increase in government spending is matched by an equal decrease in government transfers the income level will.

Question # 20

The key difference between classical and Keynesian macro economist is their differing beliefs about.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 A nation experiences internal balance if it acieves.
A. Full employment
B. Price stability
C. Full employment and price stability
D. Unemployment and price instability
2 An import function is 100+0.1 Y and exports are exogenous. If income (Y) is 500, and there is a trade deficit of 50, then exports are.
A. 0
B. 25
C. 75
D. 100
3 The philippic curve is the relation between inflation and unemployment that hold for a given natural rate of unemployment. and a
A. Given rate of inflation
B. Given expected rate on inflation
C. Given level of unemployment
D. Given expected level of unemployment
4 According to Keynesian macro economics price adjust _____ to shocks, so the government should.
A. Slowly ; do little
B. Rapidly ; do little
C. Rapidly ; fight recessions
D. Slowly ; fight recessions
5 The long run Phillips curve is
A. Vertical
B. Horizontal
C. Upward sloping
D. Downward sloping
6 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
7 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
8 Which of the following changes shifts the SRAS curve up.
A. Ani increases in the labor force
B. A decrease in government purchases
C. An increase in firms costs
D. An increase in the money supply
9 Utility means.
A. Power to satisfy a want
B. Usefulness
C. Willingness of a person
D. Hamfulness
10 If the rate of growth of a full employment labor forc eis 1.55 and 2.55 then the celling rate of growth of real GNP, according to Hick's theory of a constrained business cycle,is.
A. 1.5 %
B. 2.55
C. 4.0%
D. 1.7%

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