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

A disadvantage of chain weighting is that

Question # 2

The data indicates that country A in billions of rupees is experiencing a

Question # 3

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

Question # 4

Keynesian economists think general equilibrium is not attained quickly because.

Question # 5

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

Question # 6

In closed economic model aggregate demand is not sensitive to.

Question # 7

GDP difference between GNP because.

Question # 8

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

Question # 9

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

Question # 10

Which of the following macro economics variables is a cyclical.

Question # 11

Classical economics think general equilibrium is attained relatively quickly because.

Question # 12

The origin of the idea of a trae off between inflation and unemployment was a 1958 article by

Question # 13

For a borrower an increase in the real interest rate will lead to.

Question # 14

The nominal interest rate minus the inflation rate is the

Question # 15

The reason that only final sales are counted in GDP is

Question # 16

The appropriate expenditure switching policy to correct a balance of payments deficit is.

Question # 17

Which of the following macro economic variables is procyclical and coincident with the business cycle.

Question # 18

Given the IS equation Y = Ke a - Ke Bn the IS slope decreases when

Question # 19

The aggregate supply of labor is the

Question # 20

Which of the following macro economic variables doesn't vary much ove the seasons.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 Deflation occurs only when
A. Some prices fall but average prices still rise
B. All prices for all goods fall
C. The average price level falls
D. The average price level increases bat at a slower rate than before
2 The nominal interest rate minus the inflation rate is the
A. Depreciation rate
B. Discount rate
C. Forward rate
D. Real interest rate
3 In the expenditure approach to GDP which of the following would be excluded from measurement of GDP.
A. Government payments for goods produced by foreign firms
B. Government payments for goods produced by firms owned by state of local governemnt
C. Government payments for welfare
D. All government payments are included in GDP
4 An increase in the real wage rate will cause
A. The labor demand curve to shift to the right
B. The labor demand curve to shift to the left
C. The quantity of labor demanded to rise
D. A movement along the labor demand curve
5 If the expected inflation rate is unchanged a fall in the natural rate of unemployment would.
A. shift the Phillips curve to the right
B. Not Shift the phillips curve
C. Shift the Phillips curve to the left
D. shift the Phillips curve to the left shift the long -run Philips curve to the right
6 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
7 The fact that the Production function relating output to capital becomes flatter as we move from left to right means that.
A. The marginal product of labor is positive
B. The marginal product of capital is positive
C. There is diminishing marginal productivity of labor
D. There is diminishing marginal productivity of capital
8 Dynamic multipliers occur when
A. the assumption of ceteris paribus is dropped
B. The economy is not in equilibrium
C. Consumption is unrelated to disposable income
D. there is lagged response between consumption and disposable income
9 An invention that speeds up the internet is an example of.
A. An income effect
B. An increase in labor
C. A substitution effect
D. A supply shock
10 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

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