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

In the short run an increase in export sales would cause output to ______ and the price level to.

Question # 2

O kun's Law states that for each percentage point by which the unemployment rate is above the natural rate real GNP is 3% below potential GNP, if real GNP is Rs. 3,800 billion with the actual level of unemployment at 6.05 and the natural rate of unemployment at 4.5% then according to Okun's law the GNP gap is.

Question # 3

A mathematical expression relating the amount of output produced to quantities of capital and labor utilized is the

Question # 4

Assuming that money is neutral an increase in the nominal money supply would causes.

Question # 5

In a private sector model

Question # 6

The through of a business cycle occurs when ______ hits its lowest point.

Question # 7

A technological improvement will

Question # 8

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

Question # 9

Given the data above, the empirical equation for the IS curve is.

Question # 10

If a Canadian dollar costs 0.75 in terms of U.S. dollars, how much Canadian money would an American need to spend in Canada to get a dollar's worth of U.S. value.

Question # 11

The MPS = 0.4 and government spending increases by 20 billion. The LM curve

Question # 12

Banks can create money

Question # 13

The long term demand for real money balance will rise when

Question # 14

Whose opinions have revolutionized the scope of macro economics.

Question # 15

Find the change in revenue to the industry due to the taxs.

Question # 16

If an individual has a money income M of Rs. 999 , the price of X is rs.7.00 per unit and ithe price of Y is Rs. 300 per unit find the equation for the budget lines.

Question # 17

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

Question # 18

Suppose your company is in equilibrium will its capital stock at its desired level A permanent increase in the depreciation rate now has what effect on your desired capital stock. i

Question # 19

Keynes considered subjective and objective factors.

Question # 20

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

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 An expenditure increasing policy would consist of an increase in
A. Import tariffs
B. Import quotas
C. Governmental taxes
D. The money supply
2 Given the saving equation S = - 50 + 0, 20 Y, where s is saving and Y is income.
A. The break even level of income is 240
B. Dissaving takes place if income is 300
C. Consumption expenditures and saving are equal at an income level of 500
D. The MPS is constant for all levels of income
3 Quality controlleers at the LMN corporation formulate the null hypothesis that the proportion of defective items in the production line is 10% they reject this hypothesis when they find 12 defective items in 100. If the defective rate is really 10% What type of error did they make.
A. Standard error of the mean
B. A type II error
C. A type I error
D. The error probability
4 An increase in wealth that doesn't affect labor supply would cause the IS curve to _________ and the FE line to ____________
A. Shift down and to the left be unchanged
B. Shift down and to the left shift left
C. Shift up and to the right be unchanged
D. Shift up and to the right shift left
5 The equilibrium level of income of the open economic model is.
A. 200
B. 400
C. 300
D. 500
6 The MPS = 0.4 and government spending increases by 20 billion. The LM curve
A. Shifts to the right by 20 billion
B. Shifts to the right by 50 billion
C. Does not shift
D. shifts to the left by 30 billion
7 After a temporary beneficial supply shock hits the economy general equilibrium is restored by
A. A shift down and to the left of the IS curve
B. A shift to the left of the FE line
C. A shift up and to the left to the LM curve
D. A shift down and to the right of the LM curve
8 The negative relation ship between unemployment and inflation is know as the
A. Aggregate supply curve
B. Aggregate demand curve
C. Philipps curve
D. Efficiency wage line
9 A commercial bank has a required reserve ratio of 20% and desires to hold 5% in excess reserves. the bank receives a Rs. 10,000 deposit. It it abides by the required reserve ration and its desire to hold excess reserves the bank can make a loan of a most.
A. Rs.7500
B. Rs.2500
C. Rs.5000
D. Rs.30,000
10 Which of the following changes shifts the SRAS curve up.
A. Ani increases in the labor force
B. A decrease in government purchases
C. An increase in firms costs
D. An increase in the money supply

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