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

  • Total Questions20

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PPSC Economics Topic 3 Macro Economics

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Question # 1

When investment spending is negatively related to the rate of interest, equilibrium income in the goods market.

Question # 2

A temporary decrease in government purchases would cause.

Question # 3

Which of the following changes shifts the SRAS curve up.

Question # 4

In the Keynesian model in the long run a decrease in the money supply will cause ___ in the interest rate and _____ in the price level.

Question # 5

Desired national saving would increase unambiguously if there were

Question # 6

The long term demand for real money balance will rise when

Question # 7

If personal income equals Rs.570 white personal income takes equal Rs.90 consumption is Rs.430. interest payments total Rs. 10 and personal saving is Rs. 40, disposable income equals.

Question # 8

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

Question # 9

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

Question # 10

The measured of GDP includes

Question # 11

An import function is 100+0.1 Y and exports are exogenous. If income (Y) is 500, and there is a trade deficit of 50, then exports are.

Question # 12

A change that increases the real money supply relative to real money demand causes.

Question # 13

The Root Mean square Error for the actual sales and sales forecast for 1985 and 1986 is.

Question # 14

Which theory is generally included under micro economics.

Question # 15

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

Question # 16

GDP difference between GNP because.

Question # 17

Which of the following macro economic variables is the most seasonally pro cyclical.

Question # 18

While resources and products flow in one direction of the circular flow model what flow the other direction.

Question # 19

The use of micro economics policies to smooth or moderate the business cycle is known as.

Question # 20

The equilibrium level of Y and I derived from the LM and IS equations above is.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 When planned saving is greater than planned investment.
A. Output should increase
B. Output should decrease
C. Output should not change
D. All of the above
2 In long run a reduction in labor supply would cause output to __ and the aggregate price level to.
A. fall ; rise
B. fall ; fall
C. rise ; fall
D. rise ; rise
3 Given the data above, the empirical equation for the IS curve is.
A. Y = 275 + 10 i
B. Y = 225 + 50 i
C. Y = 250 - 10 i
D. Y = 275 - 501
4 A temporary adverse productivity shock would.
A. Shift the labor supply curve upward
B. Decrease the level of employment
C. Decrease future income
D. Decrease the expected future marginal product of capital
5 Most industrial construes generally considered _______ as the most important economic goal
A. External balance
B. Internal balance
C. Maximum efficiency for business
D. Maximum efficiency for labor
6 You are gold the level of savings in the economy is Rs.25 billion of equilibrium Using the consumption function C =20 + .9 Y, find equilibrium income .
A. 250
B. 900
C. 450
D. 350
7 An adverse supply shock that is permanent shifts which curve in addition to the curves shifted by.
One that is temporary.
A. The LM curve
B. The IS curve
C. The FE line
D. The labor demand curve
8 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.
A. Expanding the U.S. money supply
B. Increasing government spending
C. Increasing taxes
D. Lowering interest rates in the united states.
9 An increase in the number of workers hired by a firm could result from
A. a decrease in the marginal product of labor
B. a decrease in the marginal revenue product of labor
C. An increase in the real wage
D. A decrease in the real wage
10 Which of the following changes shifts the long run aggregate supply curve to the right.
A. A demographic change that increases the labor supply
B. A decrease in the demand for labor
C. An increase in consumer confidence
D. A decrease in taxes

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