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

00:00
Question # 1

Using the Keynesian model , the effect of a decrease in the effective tax rate on capital would be to cause_____ in the real interest rate and __ in output in the long run.

Question # 2

Find the revenue the government collects as a result of the tax

Question # 3

When a person received an increase in wealth, what is likely to happen to consumption and saving.

Question # 4

The low point in the business cycle is referred to as the

Question # 5

A situation in which expansionary in monetary policy has no effect on the economy is known as.

Question # 6

The normal interest rate minus the inflation rate is the

Question # 7

Which of the following changes shifts the SRAS curve down.

Question # 8

Which of the following does not result in an increase in U.S. autonomous net exports.

Question # 9

The break even level of income where C = Y is

Question # 10

While resources and products flow in one direction of the circular flow model what flow the other direction.

Question # 11

During inflation.

Question # 12

From a Keynesian perspective business investment will de cline as a result of.

Question # 13

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 # 14

GDP difference between GNP because.

Question # 15

An increase in wealth that doesn't affect labor supply would cause the IS curve to _________ and the FE line to ____________

Question # 16

The estimated regression coefficient for good Y indicates

Question # 17

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

Question # 18

An economics variable that moves in the same direction as aggregate economic activity is called.

Question # 19

When desired national saving equals desired national investment what market is in equilibrium.

Question # 20

A change that increase real money demand relative to the real money supply causes.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 In which of the following situations will an increase in the money supply have no effect upon equilibrium income.
A. LM is steeply sloped and IS is relatively flat
B. LM is vertical and IS si steeply sloped
C. LM is steeply sloped and IS is vertical
D. LM is relatively flat as is IS
2 Which of the following changes shifts the AD curve up and to the right.
A. A rise in the nominal money supply
B. An increase in income taxes
C. An increase in the risk on nonmonetary assets
D. A decreasing the future marginal productivity of capital.
3 The value of real GDP in the current year equals.
A. The value of current year output in prices of the base year
B. The value of current year output in pries of the current year
C. The value of base year output in prices of the base year
D. The value of base year output in prices of the current year
4 The fact that the long run Phillips curve is vertical implies that
A. Monetary policy can't effect unemployment
B. Money is neutral in the long run
C. There is a natural rate of inflation
D. Money can't affect inflation in the long run
5 The use of micro economics policies to smooth or moderate the business cycle is known as.
A. Aggregate demand management.
B. Aggregate supply management
C. Automatic stabilization
D. Discretionary policy
6 A situation in which expansionary in monetary policy has no effect on the economy is known as.
A. Macro economic stabilization
B. A liquidity trap
C. A depression
D. Capital flight
7 Find the revenue the government collects as a result of the tax
A. Rs.10 million
B. Rs.40 million
C. Rs.16 million
D. Rs.30 million
8 The equation for the LM curve is.
A. Y = 100 -50 i
B. Y = 50 + 50 i
C. Y = 50 - 80 i
D. Y = 80 + 50 i
9 Changes in subjective or objective factors.
A. Never affect the consumption function
B. Always cause downward shifts of the consumption function
C. Always cause upward shifts of the consumption function
D. May cause upward or downward shifts of the consumption function
10 The yield curve shows
A. The yields on stocks of different maturities
B. The interest rates on bonds of different maturities.
C. The yields on stocks with differing default risk
D. The yields on bonds with differing default risk

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