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
The IS curve shows the combinations of output and the real interest rate for which.
Question # 2
Which policy is an expenditure switching policy.
Question # 3
In the short run in the Keynesian model a sharp increase in oil prices would leave the economy with a ____ level of output and a ______ real interest rate.
Question # 4
When planned saving is greater than planned investment.
Question # 5
What tow factors should you equate in deciding how many workers to employ.
Question # 6
The practice of using fiscal and monetary policy to stabilize the economy is known as.
Question # 7
The three main components of the aggregate demand aggregate supply model include.
Question # 8
An expansionary supply side shock results in.
Question # 9
Using the Keynesian model , the effect of a decrease in the effective tax rate on capital would be to cause_____ in the real interest rate and __ in output in the long run.
Question # 10
The short run impact of unanticipated expansionary monetary policy is that.
Question # 11
What is the possible cause for a falling real GNP over a period of time.
Question # 12
The equilibrium level of income of the open economic model is.
Question # 13
The risk free rate of interest would not be affected by.
Question # 14
The aggregate supply of labor is the
Question # 15
Real business cycle theorists think that most business cycle fluctuations are caused by shocks to.
Question # 16
Suppose your company is in equilibrium with its capital stock at the desired level A permanent decline in the expected real interest rate now has what effect on your desired capital stock
Question # 17
If the Nominal GNP of an economy rose from Rs. 5000 to 5500 between 1985 and 1986 while the price index rose from 100 to 110 during the same period real GNP
Question # 18
In the long run an increase in government purchases of military equipment would cause output to _________ and the aggregate price level to
Question # 19
An increase in the expected rate of inflation would.
Top Scorers Of PPSC Economics Topic 3 Macro Economics MCQ`s Test
F
Faiza Shehzad21 - Aug - 2022
16 Min 07 Sec
20/20
S
Shiza Amir25 - May - 2022
02 Min 01 Sec
19/20
A
Amjad Ali07 - Jun - 2023
07 Min 07 Sec
13/20
M
Mazhar Shahzad20 - Aug - 2022
13 Min 02 Sec
13/20
A
Ayyaz Ahmad04 - Jun - 2024
02 Min 59 Sec
12/20
K
Kiran Naeem13 - May - 2023
03 Min 39 Sec
11/20
Y
Yasir Zada29 - May - 2022
08 Min 09 Sec
11/20
S
Shama Suleman21 - May - 2022
09 Min 36 Sec
11/20
I
ilham wahid01 - Jul - 2024
04 Min 33 Sec
10/20
T
Tahir Nawaz11 - Jan - 2024
09 Min 44 Sec
10/20
M
Mahnoor NaSir24 - May - 2022
12 Min 00 Sec
10/20
D
DJ DJ19 - Aug - 2022
12 Min 42 Sec
10/20
S
sidra Naeem22 - May - 2022
14 Min 25 Sec
10/20
Z
zaheer hussain16 - Jan - 2024
16 Min 32 Sec
10/20
A
Atiq Ur Rahman16 - Jun - 2023
19 Min 23 Sec
10/20
PPSC
Economics
Chapter 3
Important MCQ's
Sr.#
Question
Answer
1
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
2
When plotted with the aggregate price level on the vertical axis and output on the horizontal axis, the long run aggregate supply curve.
A. slopes upward
B. Sloped downward
C. Is vertical
D. Is horizontal
3
The equilibrium level of income of the open economic model is.
A. 200
B. 400
C. 300
D. 500
4
Classical economics believe that in the short run.
A. Money neutrality exists and prices adjust rapidly
B. Money neutrality does not exist and prices adjust rapidly
C. Money neutrality does not exist and prices adjust rapidly
D. Money neutrality exists and prices do not adjust rapidly.
5
What adjusts to restore general equilibrium after a shock to the economy.
A. The LM curve
B. The IS curve
C. The FE line
D. The labor supply curve
6
A firm's total labor cost when six workers are employed is Rs.580 When seven workers are employed the total labor cost is Rs.700 the Rs. 120 change in total labor cost represents.
A. Marginal physical product
B. Marginal resources cost
C. Marginal cost
D. Marginal revenue
7
The long term demand for real money balance will rise when
A. the income elasticity of the demand for money is less than unity.
B. There is a long term increase in the price level
C. There is a relative increase in the stock of government securities.
D. Long term market interest rates are falling.
8
When investment spending is negatively related to the rate of interest, equilibrium income in the goods market.
A. Is unrelated to the rate of interest
B. Is positively related to the rate or interest
C. Inversely related to the rate of interest
D. Falls as the rate of interest decreases
9
Keynes considered subjective and objective factors.
A. Determinants of investment
B. Determinants of business will ingress to supply
C. Unimportant determinants of consumption.
D. Important determinants of consumption.
10
The nominal interest rate minus the inflation rate is the
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