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

  • Time Allowed20

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PPSC Economics Topic 3 Macro Economics

00:00
Question # 1

The major source of revenue for the government is.

Question # 2

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

Question # 3

For interior commodities income effect is.

Question # 4

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

Question # 5

Which of the following will not result in an increase in the level of income.

Question # 6

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

Question # 7

The short run aggregate supply curve the absence of misperceptions.

Question # 8

When planned saving is greater than planned investment.

Question # 9

Which of the following results in an increase in the value of the dollar.

Question # 10

Suppose nominal GNP is Rs.500 in year 1, the base year If the GNP deflator doubles by year 6 while real output has increased 40% nominal output in year 6 equals.

Question # 11

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

Question # 12

A decline expected future output would cause the IS curve to.

Question # 13

Firms hire labor at the point where the

Question # 14

What is the average money balance according to the square root rute if income is Rs.1500, each transaction cost is Rs.4, and the opportunity cost of holding money is.2%

Question # 15

Which of the following is an example of a productivity shock.

Question # 16

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

Question # 17

A temporary adverse productivity shock would.

Question # 18

The reduction of the inflation rate is called

Question # 19

When planned saving equals Rs.40+0.20 Yd and planned investment is rs. 60, the equilibrium level of income in.

Question # 20

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

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 The multiplier that applies to changes in autonomous investment is identical to changes in.
A. Autonomous government expenditures
B. Autonomous consumption expenditures
C. Autocoups exports
D. All of the responses above
2 A mathematical expression relating the amount of output produced to quantities of capital and labor utilized is the
A. Real interest rate
B. Production function
C. Productivity relation
D. Marginal product
3 A technological improvement will
A. Increases the desired capital stock
B. Decrease the desired capital stock
C. Have no effect on the desired capital stock
D. Have the same effect on the desired capital stock as an increase in corporate taxes.
4 An invention that speeds up the internet is an example of.
A. An income effect
B. An increase in labor
C. A substitution effect
D. A supply shock
5 "Human Welfare is the subject of Economics" Y. This statement is associated with the name of which of the economists.
A. Marshall
B. Pigou
C. Pension
D. All of the above
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 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
8 The key difference between classical and Keynesian macro economist is their differing beliefs about.
A. The slope of the aggregate demand curve
B. The speed at which prices adjust
C. The natural rate of unemployment
D. The full employment level of output
9 Firms hire labor at the point where the
A. Nominal wage rate equals the marginal product of labor
B. Real wage rate equals the marginal revenue product of capital
C. Nominal wage rate equals the marginal revenue product of labor
D. Real wage rate equals the marginal revenue product of capital
10 Which of the following changes shifts the long run aggregate supply curve to the right.
A. A demographic change that increases the labor supply
B. A decrease in the demand for labor
C. An increase in consumer confidence
D. A decrease in taxes

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