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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Ayyaz Ahmad 04 - Jun - 2024 02 Min 59 Sec 12/20
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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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Shama Suleman 21 - May - 2022 09 Min 36 Sec 11/20
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ilham wahid 01 - Jul - 2024 04 Min 33 Sec 10/20
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Tahir Nawaz 11 - Jan - 2024 09 Min 44 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	In a simple Keynesian world assume the economy is opiating at a full employment noninflationary level worsening world conditions necessitate additional government spending of Rs.50 billion. What should be the direction of change in taxes and magnitude of change to maintain stable price and full employment equilibrium.	A. Increase by Rs.50 billion B. Increase by more than Rs. 50 billion C. Increase by less than Rs.50 billion. D. Decrease by more than Rs.50 billion.
2	The long run aggregate supply curve	A. Is vertical B. slopes upward C. Is horizontal D. Slopes downward
3	In long run a reduction in labor supply would cause output to __ and the aggregate price level to.	A. fall ; rise B. fall ; fall C. rise ; fall D. rise ; rise
4	Given the saving equation S = - 50 + 0, 20 Y, where s is saving and Y is income.	A. The break even level of income is 240 B. Dissaving takes place if income is 300 C. Consumption expenditures and saving are equal at an income level of 500 D. The MPS is constant for all levels of income
5	An increase in the real wage rate will cause.	A. The labor demand curve to shift to the right B. The labor demand curve to shift to the left C. The quantity of labor demanded to rise D. A movement along the labor demand curve
6	A temporary decrease in government purchases would cause.	A. A rightward shift in the saving curve and a leftward shift in the investment curve B. A rightward shift in the saving curve and a rightwards shift in the investment curve. C. A right ward shift in the saving curve but no shift in the investment curve D. No shift in the saving curve but a left ward shift in the investment curve.
7	Which of the following methods is used for internalizaing positive externalities	A. Positive taxes B. Government exchange of property rights C. Effluent fees D. Corrective substidies
8	Suppose your company is in equilibrium with its capital stock at the desired level A permanent decline in the expected real interest rate now has what effect on your desired capital stock	A. Raises it because the future marginal productivity of capital is higher B. Lowers it because the future marginal productivity of capital is lower C. Raises it because the user cost of capital is now lower D. Lowers it because the user cost of capital is now higher
9	Which of the following factors will cause the demand curve for labor to shift to the right.	A. The demand for the product produced by labor declines. B. The prices of substitute imputes falls C. The productivity of labor increases D. None of the above
10	What adjusts to restore general equilibrium after a shock to the economy.	A. The LM curve B. The IS curve C. The FE line D. The labor supply curve

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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

An increase in the real wage rate will cause.

According to Keynesian macro economics price adjust _____ to shocks, so the government should.

The origin of the idea of a trae off between inflation and unemployment was a 1958 article by

An increase in the expected rate of inflation would.

Peaks and trough of the business cycle are known collectively as.

Equilibrium occurs in a two sector model when

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

Which policy is an expenditure switching policy.

As the economy nears full capacity the short run aggregate supply curve

The gift exchange motive suggests that

Given the saving equation S = - 50 + 0, 20 Y, where s is saving and Y is income.

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.

The Laffer curve depicts

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

Economic planning by enteral government agencies is primarily associated with

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 .

The Keynesian theory is consistent with the business cycle fact that inflation is

Given fixed change rate assume Pakistan initiates expansionary monetary and fiscal polices to combat recession these policies will also.

Which of the following is the most liquid.

Keynes considered subjective and objective factors.

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Set 17

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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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An increase in total production causes the demand for money to _ and the interest rate to __