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

GDP difference between GNP because.

Question # 2

The value of a producer's output minus the value of the inputs if purchases from other producers is called the producer's

Question # 3

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

Question # 4

Hyperinflation occurs when

Question # 5

If equilibrium national income is less than the full employment the gap can be closed by.

Question # 6

To ensure that the fundamental identity of national income accounting holds changes in inventories are.

Question # 7

"Economics is a science " the basis of this statement is.

Question # 8

The reduction of the inflation rate is called

Question # 9

Given a proportional income tax and a government budget that is currently in balance, an increase in autonomous investment , caters parabasal increases equilibrium income and the budget.

Question # 10

If the federal reserve whishes to increase the money supply, it should

Question # 11

Which of the following methods is used for internalizaing positive externalities

Question # 12

Firms hire labor at the point where the

Question # 13

The value of a household's assets minus the value of its liabilities is called.

Question # 14

In the long run, an increase in productivity would cause output to _________ and the aggregate price level to

Question # 15

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

Question # 16

The Keynesian theory is consistent with the business cycle fact that inflation is

Question # 17

An increase in autonomous net exports

Question # 18

Which of the following changes shifts the AD curve down and to the left.

Question # 19

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

Question # 20

What did economist Adam Smith identity as the "invisible hand" that directs the decision making of firms and households in a market economy.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 Which of the following solutions does the economist suggest to cost inflation in higher education.
A. Cutting professor salaries
B. Make students live at home
C. Reduce college from four to three years
D. B and C
2 Disinflationary demand management policies.
A. Achieve a lower rate of inflation without causing a decreases in output.
B. Reduce output but have no initial effect on the inflation rate
C. Require an increase in government spending.
D. Require a reduction in the growth rate of the nominal money supply.
3 The expected real interest rate minus expected inflation rate.
A. Nominal interest rate minus inflation rate
B. Nominal interest rate minus expected inflation rate.
C. Expected nominal interest rate minus inflation rate
D. Nominal interest rate plus expected inflation rate.
4 Industries that are extremely sensitive to the business cycle are the.
A. Durable goods and service sectors
B. Nondurable goods and service sectors.
C. Capital goods and nondurable goods sectors.
D. Capital goods and durable goods sectors.
5 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.
6 When the value of output exceeds planned spending .
A. There is unsold output, and the level of income will fall
B. there is unsold output and the level of income will rise
C. There is unsold output, and the level of income does not change.
D. All of the above
7 At point of satiety marginal utilityis.
A. Positive
B. Negative
C. Maximum
D. Zero
8 When a person received an increase in wealth, what is likely to happen to consumption and saving.
A. Consumption increase and saving increases.
B. Consumption increases and saving decreases
C. Consumption decreases and saving increases
D. Consumption decreases and saving decreases
9 The value of a household's assets minus the value of its liabilities is called.
A. Income
B. Debt
C. Stock
D. Wealth
10 Money must fulfill all of the following functions except.
A. Be a medium of exchange
B. Be a store of value
C. Be generally accepted as a means of purchasing commodities
D. The above are all functions of money

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