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

The nominal interest rate minus the inflation rate is the

Question # 2

Given a proportional income tax and a government budget that is currently in balance, an increase in autonomous investment , caters parabasal increases equilibrium income and the budget.

Question # 3

A mathematical expression relating the amount of output produced to quantities of capital and labor utilized is the

Question # 4

The long run aggregate supply curve

Question # 5

If equilibrium national income is less than the full employment the gap can be closed by.

Question # 6

The monetary base in composed of.

Question # 7

According to Keynesian macro economics price adjust _____ to shocks, so the government should.

Question # 8

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

Question # 9

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

Question # 10

An increase in wealth that doesn't affect labor supply would cause the IS curve to _________ and the FE line to ____________

Question # 11

Monetary expansion can still be effective in getting out of liquidity trap if it's combined with.

Question # 12

The IS curve shows the combinations of output and the real interest rate for which.

Question # 13

Which of the following results in an increase in the value of the dollar.

Question # 14

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

Question # 15

A change in autonomous spending is represented by.

Question # 16

If the foreign interest rate is 12% while the domestic interest rate in 95 then the forward premium will be.

Question # 17

Ahmed uses dummy variables in order to determine the monthly seasonal effect in her regression model. The number of dummy variables used will be.

Question # 18

An increase in total production causes the demand for money to _____ and the interest rate to ______

Question # 19

The yield curve shows

Question # 20

The natural rate of unemployed is generally thought of as the.

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 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
2 An increase in wealth that doesn't affect labor supply would cause the IS curve to _________ and the FE line to ____________
A. Shift down and to the left be unchanged
B. Shift down and to the left shift left
C. Shift up and to the right be unchanged
D. Shift up and to the right shift left
3 The aggregate demand curve
A. Is vertical
B. Slopes upward
C. Is horizontal
D. Slopes downward
4 If the reserve deposit ratio is 0.25 and the ratio of currency in circulation to deposits is 0.3, the potential money multiplier will have a value of.
A. 2.36
B. 0.42
C. 1.20
D. 0.96
5 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
6 A disadvantage of the barter system is that
A. No trade occurs
B. People must produce all their own food clothing and shelter
C. The opportunity to specialize is greatly reduced.
D. Gold is the only unit of account
7 A nation experience external balance if it achieves.
A. No net changes in its international gold stocks
B. Productivity levels equal to those of its trading partners
C. An increases in its money supply equal to increases overseas
D. Equilibrium in its balance of payments
8 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
9 Which of the following actions is an example of expansionary fiscal policy.
A. A decrees in welfare payments
B. A purchase of government scantiest in the open market
C. A decrease in the Bank rate
D. A decrease in the corporate profits tax rates
10 If the quantity of money demands is less than the quantity of money supplied then the interest rate will.
A. Either increases or decrease, depending on the amount of excess demand.
B. Increase
C. Decrease
D. not change

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