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

Which market adjusts the quickest in response to shocks to the economy.

Question # 2

The idea that the natural rate of unemployment rises when the acual rate of unemployment rise is known s.

Question # 3

Economists use the phrase ceteris paribus to express the assumption.

Question # 4

Changes in subjective or objective factors.

Question # 5

Which of the following is not a primary cause of business cycle fluctuations according to real business cycle theory.

Question # 6

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

Question # 7

The aggregate demand curve shows the combinations of output and the price level that put the economy on.

Question # 8

Keynes and Say's macroeconomic theory of employment were diametrically opposed Say state that.

Question # 9

Which one of the following would cause demand pull inflation.

Question # 10

According to Keynesians the primary source of business cycle fluctuation is.

Question # 11

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

Question # 12

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

Question # 13

For interior commodities income effect is.

Question # 14

When equilibrium in the money and goods markets occurs at a rate of interest below the BP schedule internal and external equilibrium for the United States can he achieved by.

Question # 15

In the Keynesian model short run equilibrium occurs where

Question # 16

Given fixed change rate assume Pakistan initiates expansionary monetary and fiscal polices to combat recession these policies will also.

Question # 17

A Rs.10 increase in autonomous investment spending shifts is.

Question # 18

If the expected inflation rate is unchanged a fall in the natural rate of unemployment would.

Question # 19

The equilibrium level of income of the open economic model is.

Question # 20

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.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 Full- employment output is the level of output that firms in the economy supply when
A. Taxes are zero
B. Wages and prices have fully adjusted
C. The unemployment rate in zero
D. All capital is fully utilized
2 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
A. Raises it because the future marginal productivity of capital is higher
B. Lowers it because the future marginal productivity of capital is lower
C. Raises it because the user cost of capital is now lower
D. Lowers it because the user cost of capital is now higher
3 The IS curve shows the combinations of output and the real interest rate for which.
A. The goods market is in equilibrium
B. The labor market is in equilibrium.
C. The financial assets market is in equilibrium
D. An increase in output will cause the market clearing interest rate to be bid up.
4 Under law of demand.
A. Price of commodity is an independent variable
B. Quantity demanded is a dependent variable
C. Reciprocal relationship is found between price and quantity demandded
D. All of the above
5 An asset with zero carrying costs and a present value of Rs.50,000 will return continuous annual yield of Rs.5000 if the current and future rate of inters is.
A. 5%
B. 8%
C. 10%
D. 3%
6
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.
7 Ineven A occurs the payoff will be Rs.5,670.00 . the probability of event A occurring is .87 What is the expected payoff of event A.
A. Rs.5,670.00 9d)
B. Rs.4,832.10
C. Rs. 4,932.90
D. Rs.5000.00
8 When a British pound equals Rs. 1.60 and the French France equals Rs. 0.40 the ability to earn infinite profit if it were not the case, implies that the exchange rate would be.
A. 1 franc = 4 pounds
B. 1 franc = 1 pound
C. 5 franc = 1 pound
D. None of the above
9 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.
A. 171 billion
B. 684 billion
C. 114 billion
D. 228 billion
10 The aggregate demand curve shows the combinations of output and the price level that put the economy on.
A. The FE line and the IS curve
B. The FE line The IS curve and the LM curve
C. The IS curve
D. The IS curve and the LM curve

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