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

The philippic curve is the relation between inflation and unemployment that hold for a given natural rate of unemployment. and a

Question # 2

GDP difference between GNP because.

Question # 3

Which of the following macro economics variables is a cyclical.

Question # 4

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

Question # 5

When planned saving equals Rs.40+0.20 Yd and planned investment is rs. 60, the equilibrium level of income in.

Question # 6

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.

Question # 7

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

Question # 8

An increase in the expected future marginal product of capital would cause the IS curve to.

Question # 9

Full- employment output is the level of output that firms in the economy supply when

Question # 10

If sales are forecasted using an adaptive expectations model where the coefficient of adjustment .2, the sales forecast for 1986 is.

Question # 11

When planned saving is greater than planned investment.

Question # 12

Suppose the government provides a tax cut today that is matched by a tax increase in the future that's equal in present value to the tax cut This causes a consumer's saving to.

Question # 13

The equation for a givne production function is Q = K2 + KL, initially K = 2 and L = 1 if the value of both inputs is doubted the production function exhibite.

Question # 14

Real business cycle theorists think that most business cycle fluctuations are caused by shocks to.

Question # 15

If the sampi is accepted as coming from a universe with a mean of Rs.500 or greater when if doesn't.

Question # 16

An economic variable that moves in the opposite direction as aggregate economic activity up in is called.

Question # 17

Fiscal policy output to change demand for output is.

Question # 18

Which one of the following would cause demand pull inflation.

Question # 19

The aggregate supply of labor is the

Question # 20

A Rs.10 increase in autonomous investment spending shifts IS

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PPSC Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 The valued of expenditure multiplier relates.
A. The change in autonomous spending to the change in income
B. the change in consumption to change in income
C. The change in come to the change is consumption
D. The change in income to the change in autonomous spending.
2 Which one of the following would cause demand pull inflation.
A. Increases iin production costs
B. Wage gains in proportion productivity gains
C. An increase in aggregate demand with shortages of sup ply
D. Monoposonistic labor markets
3 Friedman and phelps suggested that there should not be a stable relationship between inflation and unemployment, but here should be a stable relationship between
A. Anticipated inflation and frictional unemployment
B. Anticipated inflation and cyclical unemployment
C. Unanticipated inflation and frictional unemployment.
D. Unanticipated inflation and cyclical unemployment
4 Given the Is -LM construction of the figure above an unexpected increase in the price level, in the absence of any policy adjustment will.
A. Increase both interest rates and GNP
B. Reduce both interest rates and GNP
C. Increase GNP but cause interest rates to tall
D. Increase interest but cause GNP to fall.
5 The natural rate of unemployed is generally thought of as the.
A. Ratio of the frictional unemployment rate to the cyclical unemployment rate
B. sum of structural unemployment and cyclical unemployment
C. sum of frictional unemployment and cyclical unemployment
D. sum of frictional unemployment and structural unemployment.
6 If the expected rate of inflation rose at the same time the natural rate of unemployment rose the Philips curve.
A. would shift down
B. would shift up
C. Would not move
D. Might shift up or down or not move depending on which effect was larger.
7 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
8 Which of the following is not a category of consumption spending in the national income accounts.
A. Consumer durables
B. Non durable goods
C. Services
D. Housing Purchases
9 If the foreign interest rate is 12% while the domestic interest rate in 95 then the forward premium will be.
A. 1.3 %
B. 12%
C. 9%
D. 3%
10 When plotted with the aggregate price level on the vertical axis and output on the horizontal axis, which of the following curves slopes downward.
A. SRAS
B. AD
C. LRAS
D. None of the above

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