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 actions is an example of expansionary fiscal policy.

Question # 2

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

Question # 3

in the keynesian model in the short run the amount of employment is determined by the effective labor demand curve and the level of.

Question # 4

The multiplier which specifically refers to an equal increase in government spending and taxes, giving rise to that same equal increase in national income is called.

Question # 5

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 # 6

When plotted with the aggregate price level on the vertical axis and output on the horizontal axis which of the following curves is vertical.

Question # 7

The natural rate of unemployed is generally thought of as the.

Question # 8

In which of the following situations will an increase in the money supply have no effect upon equilibrium income.

Question # 9

Fiscal policy output to change demand for output is.

Question # 10

In the long run an increase in government purchases of military equipment would cause output to _________ and the aggregate price level to

Question # 11

While resources and products flow in one direction of the circular flow model what flow the other direction.

Question # 12

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

Question # 13

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

Question # 14

An increase in the real wage rate will cause.

Question # 15

Utility means.

Question # 16

Find the revenue the government collects as a result of the tax

Question # 17

An increase in the expected rate of inflation would.

Question # 18

Given the Is -LM construction of the figure above an unexpected increase in the price level, in the absence of any policy adjustment will.

Question # 19

When the export function is Rs.100-0.2 Y , net exports are 0 when income is .

Question # 20

Fractional unemployment arises when

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 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%
A. 387
B. 50
C. 175
D. 203
2 By definition, the marginal propensity to consumes.
A. Equals OC/A Yd
B. Is the behavioral coefficient c in the equation C = C + cYd
C. Is the slops of the consumption function.
D. All of the above
3 If X becomes more expansive i relation to Y, what happens to the budget line in the X - Y space, with Y on the vertical axis.
A. It shifts to the right
B. It shifts to the left
C. The slope becomes flatter
D. The slope becomes steeper
4 A temporary decline in productivity would cause the IS curve to.
A. Shift up and to the right
B. Shift down and to the left
C. Remain unchanged
D. Shift up and to right only if people face borrowing constraints
5 Which of the following assets is most liquid.
A. Shares of stock in IBM
B. Land
C. Gold
D. Currency
6 When an increase in government spending is matched by an equal decrease in government transfers the income level will.
A. Stay the same
B. Increase
C. Decrease
D. None of these
7 An import function is 100+0.1 Y and exports are exogenous. If income (Y) is 500, and there is a trade deficit of 50, then exports are.
A. 0
B. 25
C. 75
D. 100
8 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
9 In a private sector model
A. Household saving is a leakage from the circular flow
B. Investment is a spending injection
C. All of the above
D. None of the above
10 Characteristics of economic laws are
A. Mere statement of economic tenduencies
B. Less certain
C. Hypothetical
D. All of the above

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