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

In the Keynesian model short run equilibrium occurs where

Question # 2

The long run aggregate supply curve.

Question # 3

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 # 4

"An Enquiry into the Nature and causes of wealth of Nations" is thebook of economist.

Question # 5

An economy is in inflationary equilibrium A sustained increase in government appending shifts.

Question # 6

According to classical economists unemployment rises in recessions due to an increase in ______ unemployment , not in _______ unemployment.

Question # 7

A nation experiences internal balance if it acieves.

Question # 8

Keynes and Say's macroeconomic theory of employment were diametrically opposed Say state that.

Question # 9

Ahmed regression model yields a Durbin Watson d statistic whose value is 0.002. The results indicate.

Question # 10

An expenditure increasing policy would consist of an increase in

Question # 11

The normal interest rate minus the inflation rate is the

Question # 12

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

Question # 13

According to classical economists the economy.

Question # 14

When planned saving is greater than planned investment.

Question # 15

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.

Question # 16

Under law of demand.

Question # 17

An expansionary supply side shock results in.

Question # 18

Ahmed uses dummy variables in order to determine the monthly seasonal effect in her regression model. The number of dummy variables used will be.

Question # 19

An expenditure reducing policy would consist of a decrease in

Question # 20

The negative relation ship between unemployment and inflation is know as the

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 "Economics is what economists do " It has been supported by.
A. Richard jones
B. Comte
C. Gunnar Myrdal
D. All of the above
2 When plotted with the aggregate price level on the vertical axis and output on the horizontal axis which of the following curves is vertical.
A. SRAS
B. AD
C. LRAS
D. None of the above
3 Ahmed uses dummy variables in order to determine the monthly seasonal effect in her regression model. The number of dummy variables used will be.
A. 5
B. 11
C. 12
D. 1
4 Using the Keynesian model the effect of a government imposed celling on interest rates paid on personal checking accounts that is lower than the current market interest rate would be to cause._ in the real interest rate and _ in input out in the short sun.
A. A decrease ; a decrease
B. A decrease ; no change
C. A decrease ; an increase
D. An increase ; a decrease
5 If equilibrium national income is less than the full employment the gap can be closed by.
A. Raising taxes
B. Decreasing government expenditures
C. Raising taxes and decreasing government expenditures.
D. Increasing government expenditures.
6 If the expected inflation rate is unchanged a fall in the natural rate of unemployment would.
A. shift the Phillips curve to the right
B. Not Shift the phillips curve
C. Shift the Phillips curve to the left
D. shift the Phillips curve to the left shift the long -run Philips curve to the right
7 If the sampi is accepted as coming from a universe with a mean of Rs.500 or greater when if doesn't.
A. A Type II error is made
B. A type I error is mad
C. The alternative hypothesis is correct.
D. A and C are correct
8 Peaks and trough of the business cycle are known collectively as.
A. Volatility
B. Turning points
C. Equilibrium point
D. Real business cycle events
9 In the Keynesian model short run equilibrium occurs where
A. The IS and LM curves interest
B. The IS curve LM curve and FE lines intersect
C. the IS curve intersects the FE line
D. The LM curve intersects the FE line
10 A rise in the price of bond causes the yield of the bond to.
A. Rise
B. Fall
C. Remain unchanged
D. Rise uf ut's a short term bond, fall if it's a long term bond

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