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

00:00
Question # 1

Classical economics think general equilibrium is attained relatively quickly because.

Question # 2

"Human Welfare is the subject of Economics" Y. This statement is associated with the name of which of the economists.

Question # 3

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

Question # 4

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

Question # 5

After a temporary beneficial supply shock hits the economy general equilibrium is restored by

Question # 6

Given the IS equation Y = Ke a - Ke Bn the IS slope decreases when

Question # 7

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

Question # 8

The reduction of the inflation rate is called

Question # 9

Which of the following changes shifts the AD curve up and to the right.

Question # 10

Keynesian economists think general equilibrium is not attained quickly because.

Question # 11

Which of the following is not a primary cause of business cycle fluctuations according to real business cycle theory.

Question # 12

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

Question # 13

Economic planning by enteral government agencies is primarily associated with

Question # 14

During inflation.

Question # 15

Which one of the following would cause demand pull inflation.

Question # 16

In the Keynesian model in the short run a decrease in government purchases causes output to _____ and the real interest rate to.

Question # 17

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

Question # 18

The major source of revenue for the government is.

Question # 19

Suppose the intersection of the IS and LM curves is to the left of the FE line A decrease in the price level would most likely. eliminate a disequilibrium among the asset labor and goods markets by.

Question # 20

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

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 An increase in the marginal propensity to import.
A. Has the some effect upon the multipliers as an increase in the MPC
B. Has no effect upon the multipliers
C. Increases the value of the multipliers
D. Decreases the value of the multipllers
2 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
3 The idea that the natural rate of unemployment rises when the acual rate of unemployment rise is known s.
A. Stabilization
B. Insider outsider theory
C. Hysteresis
D. an efficiency wage model
4 If investors expectations concerning the future are positive and thus increase investment at every interest rate the.
A. IS curve would shift up
B. IS curve would shift down
C. LM curve would shift down
D. IS and LM curves will not shift
5 If the economy is in equilibrium at Rs. 180 billion and taxes are reduced by Rs.20 billion, find the new equilibrium given that this is a simple economy i.e. exogenous government spending tax collection and investment spending and a marginal propensity to consume of . .75
A. 60
B. 200
C. 250
D. 240
6 In market economics the incentive that draws entrepreneurs into industry is.
A. Government bonuses for meeting production quotas
B. Profit
C. Government assumption of the risk of failure
D. Government assistance with making output and pricing decisions
7 Equilibrium occurs in a two sector model when
A. Saving equals investment.
B. Consumption plys investment equals the value of putput
C. Planned saving equals planned investment.
D. Aggregate spending equals the revenues of the business sector
8 In the long run an increase in government purchases of military equipment would cause output to _________ and the aggregate price level to
A. Stay constant fall
B. fall ; fall
C. fall ; stay constant
D. stay constant ; rise
9 The marginal product of labor
A. Is measured by the slope of the production function relating capital of employment
B. Is larger when the labor supply is relatively larger
C. Is smaller when the labor supply is relatively smaller
D. Decreases as the number of workers already employed increases
10 If the rate of growth of a full employment labor forc eis 1.55 and 2.55 then the celling rate of growth of real GNP, according to Hick's theory of a constrained business cycle,is.
A. 1.5 %
B. 2.55
C. 4.0%
D. 1.7%

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