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

When investment spending is negatively related to the rate of interest, equilibrium income in the goods market.

Question # 2

Which of the following will cause a monetary induced change versus a fiscal induced change in equilibrium income as determined.by IS - LM analysis.

Question # 3

Desired national saving would increase unambiguously if there were

Question # 4

The fact that the long run Phillips curve is vertical implies that

Question # 5

Over a two year period your income has increased 10% At the same time the consumer price index has increased 205 Your real purchasing power is.

Question # 6

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

Question # 7

The equilibrium level of employment achieved after the complete adjustment of wages and prices, is known as the.

Question # 8

When all markets in the economy are simultaneously in equilibrium we say.

Question # 9

According to Keynesians the primary source of business cycle fluctuation is.

Question # 10

The appropriate expenditure switching policy to correct a balance of payment surplus is.

Question # 11

Which of the following assets is most liquid.

Question # 12

The multiplier that applies to changes in autonomous investment is identical to changes in.

Question # 13

If the demand for coffee decreases as income decreases, coffee is a

Question # 14

Under law of demand.

Question # 15

The sign of the simple correlation coefficient is determined by

Question # 16

If the price level for an economy was 100 in 1984 , 115 in 1985 and 125 in 1986 the rate of inflation between 1985 and 1986 was.

Question # 17

The expected real interest rate minus expected inflation rate.

Question # 18

If personal income equals Rs.570 white personal income takes equal Rs.90 consumption is Rs.430. interest payments total Rs. 10 and personal saving is Rs. 40, disposable income equals.

Question # 19

If government tax function is T = 80 + .6 Y and the marginal propensity to consume is a constant 8 and increase in GNP of Rs.50 would cause consumption to.

Question # 20

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.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 Which of the following is an economic activity.
A. Teaching of a teacher in the school.
B. To teach son at home
C. To serve her child by mother
D. to play foot ball by a student
2 If government spending of Rs. 10 and a lump sum tax of Rs.10 is added, the empirical equation for the new IS curve becomes.
A. Y = 285 + 20 I
B. Y = 270 - 10 i
C. Y = 285 - 50 i
D. Y = 210 - o.5 i
3 A rise in the exchange rate value of the rupee will most likely cause.
A. A dollar to be worth less in learns of other currencies.
B. Imports to decrease
C. Exports to increase
D. The balance of payments curve to shift to the left
4 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
5 An increase in autonomous net exports
A. Shifts IS rightward by k, ox
B. shifts IS left eard by k, AX
C. Increase the slope of IS
D. Decreases the slope of IS
6 Desired national saving would increase unambiguously if there were
A. An increase in current output and expected future output
B. An increase in expected future output and government purchases
C. An increase in expected future output and the expected real interest rate
D. A fall in both government purchases and expected future output
7 The econometric problem of errors in variables leads to
A. Ballasted estimates of regression coefficients.
B. Autocorrelation
C. Unbiased estimates of regression coefficients but non minimum variance of estimated coefficients.
D. None of the above
8 A disadvantage of chain weighting is that
A. Past inflation rates change whenever the base year changes.
B. Past growth rates of real GDP change whenever the base year changes.
C. It causes output growth to slow
D. The components of real GDP don't sum to real GDP
9 An increase in total production causes the demand for money to _____ and the interest rate to ______
A. Increase ; increase
B. Increase ; decrease
C. decrease ; decrease
D. decrease,; increase
10 In the Keynesian model in the long run a decrease in the money supply will cause ___ in the interest rate and _____ in the price level.
A. An increase ; an increase
B. A decrease ; a decrees
C. No change ; an increase
D. No change ; a decrease

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