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

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Question # 1

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

Question # 2

The equilibrium level of Y and I derived from the LM and IS equations above is.

Question # 3

An increase in the real wage rate will cause

Question # 4

If investors expectations concerning the future are positive and thus increase investment at every interest rate the.

Question # 5

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

Question # 6

According to the permanent income hypothesis all increases in .

Question # 7

Money must fulfill all of the following functions except.

Question # 8

O kun's Law states that for each percentage point by which the unemployment rate is above the natural rate real GNP is 3% below potential GNP, if real GNP is Rs. 3,800 billion with the actual level of unemployment at 6.05 and the natural rate of unemployment at 4.5% then according to Okun's law the GNP gap is.

Question # 9

A nation experience external balance if it achieves.

Question # 10

The nominal interest rate minus the inflation rate is the

Question # 11

Two independent variables are not independent of each other in a multiple regression problem The analyst most likely will be confronted with.

Question # 12

The Laffer curve depicts

Question # 13

Marginal utility is equal to average utility at that time when average utility is.

Question # 14

Assuming that money is neutral an increase in the nominal money supply would causes.

Question # 15

The sign of the simple correlation coefficient is determined by

Question # 16

According to the life cycle hypothesis consumption is related to.

Question # 17

The Root Mean square Error for the actual sales and sales forecast for 1985 and 1986 is.

Question # 18

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

Question # 19

The ratio of the change in the equilibrium level of income to a change in some automats increase in spending is the

Question # 20

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

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 Given fixed change rate assume Pakistan initiates expansionary monetary and fiscal polices to combat recession these policies will also.
A. Increase both imports and exports
B. Increase exports and reduce import
C. Reduce a balance of payments surplus
D. Reduce a balance of payment deficit
2 A nation experience external balance if it achieves.
A. No net changes in its international gold stocks
B. Productivity levels equal to those of its trading partners
C. An increases in its money supply equal to increases overseas
D. Equilibrium in its balance of payments
3 Which of the following macro economic variables doesn't vary much ove the seasons.
A. The nominal money stock
B. The unemployment rate
C. The real wage
D. Average labor productivity
4 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
5 The long run foreign exchange rate between the U.S. and Japan is 200 Yen =Rs. 1 under a floating exchange rate Which of the following does 112 t occur if the Federal Reserve reduce the money supply in order to prevent the occurrence of inflation.
A. Foreign capital flows to the U.S.
B. The U.S. dollar appreciates
C. Real net exports decline
D. American real GNP experience a slower rate of growth
6 Most industrial construes generally considered _______ as the most important economic goal
A. External balance
B. Internal balance
C. Maximum efficiency for business
D. Maximum efficiency for labor
7 If an individual has a money income M of Rs. 999 , the price of X is rs.7.00 per unit and ithe price of Y is Rs. 300 per unit find the equation for the budget lines.
A. Y = 333 - (7/3) x
B. Y = 142 - (7/3) x
C. Y = 142- (3/7) x
D. Y = 323 - (7/3) x
8 The appropriate expenditure switching policy to correct a balance of payments deficit is.
A. Contractionary monetary policy
B. expansionary fiscal policy
C. Currency devolution
D. Currency revaluation
9 Given the data above, the empirical equation for the IS curve is.
A. Y = 275 + 10 i
B. Y = 225 + 50 i
C. Y = 250 - 10 i
D. Y = 275 - 501
10 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.
A. The interest rate will rise
B. The interest rate will decline
C. The price level will not change
D. Investment will decline

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