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

Capital goods are

Question # 2

The main cause of cyclical unemployment is that.

Question # 3

In long run a reduction in labor supply would cause output to __ and the aggregate price level to.

Question # 4

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

Question # 5

A rise in the price of bond causes the yield of the bond to.

Question # 6

Which of the following is the most liquid.

Question # 7

What is the level of savings for disposable income = Rs.5,000 if dissaving's of 50 occur at a disposable income of Rs.0 and a marginal propensity to save equal to 0.257

Question # 8

An increase in the number of workers hired by a firm could result from

Question # 9

Suppose the intersection of the IS and LM curves is to the left of the FE line A decrease in the price level would most likely. eliminate a disequilibrium among the asset labor and goods markets by.

Question # 10

The break even level of income where C = Y is

Question # 11

Which of the following in a graph with interest rates and income on the vertical and horizontal axes, does not shift the balance of payments curve to the right.

Question # 12

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

Question # 13

Country A 's GNP is increasing by 3% a year in contrast to its population growth of 2.4% The rate of growth of per capita GNP is.

Question # 14

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

Question # 15

According to Okun's law an increase in the unemployment rate will cause_______ in the level of empolyment and __ in the level of output.

Question # 16

Keynesian economists think general equilibrium is not attained quickly because.

Question # 17

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

Question # 18

A variable whose value is determined witching an economic theory or model is.

Question # 19

An expenditure increasing policy would consist of an increase in

Question # 20

The efficiency wage model can be modified to allow real wages to vary over the business cycle by assuming that.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 The idea that the natural rate of unemployment rises when the acual rate of unemployment rise is known s.
A. Stabilization
B. Insider outsider theory
C. Hysteresis
D. an efficiency wage model
2 When a person received an increase in wealth, what is likely to happen to consumption and saving.
A. Consumption increase and saving increases.
B. Consumption increases and saving decreases
C. Consumption decreases and saving increases
D. Consumption decreases and saving decreases
3 The two main characteristics of the production function are.
A. It slopes downward from left to right and the slope become flatter as teh input increases
B. It slopes upward from left to the right the slope becomes steeper as the input increase
C. It slopes upward from left to right unput increases
D. It slopes downward from left to right and the slope becomes steeper ath the input increase
4 Keynes and Say's macroeconomic theory of employment were diametrically opposed Say state that.
A. Supply creates demand
B. Demand creates supply
C. Unemployment is a most likely state of affairs
D. Full employment can only be achieved by government interference.
5 The equilibrium level of employment achieved after the complete adjustment of wages and prices, is known as the.
A. Zero unemployment level of employment
B. Natural state
C. Invisible handshake
D. Full employment level of employment
6 Assuming that money is neutral an increase in the nominal money supply would causes.
A. An excess supply for goods
B. an increase in the real money supply
C. A fall in the price level
D. A rise in nominal wages
7 According to the life cycle hypothesis consumption is related to.
A. Current income
B. Past peak income
C. Expected lifetime income
D. Price expectations over one's life time
8 The yield curve shows
A. The yields on stocks of different maturities
B. The interest rates on bonds of different maturities.
C. The yields on stocks with differing default risk
D. The yields on bonds with differing default risk
9 A nation experiences internal balance if it acieves.
A. Full employment
B. Price stability
C. Full employment and price stability
D. Unemployment and price instability
10 The Laffer curve depicts
A. A trade off between tax rates and government receipts
B. Price levels and real income
C. government deficits and unemployment
D. Tax rates and infixation

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