PPSC Economics Topic 4 Monetary & Fiscal Policy

Top Scorers Of PPSC Economics Topic 4 Monetary & Fiscal Policy MCQ`s Test

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zaheer hussain 18 - Jan - 2024 14 Min 06 Sec 11/20
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Mahnoor NaSir 24 - May - 2022 07 Min 27 Sec 9/20

PPSC Economics Chapter 4 Important MCQ's

Sr.#	Question	Answer
1	Suppose a new law imposes a tax on all trades of bonds and stock What is the likely effect on money demand.	A. Money demand declines first then rises when inflation increases B. Money demand rises C. The overall effect is ambiguous D. Money demand declines
2	Money's primary role in the economy comes from the benefits of lowering transactions costs and allowing specialization This function of money is called.	A. Store of value B. Medium of exchange C. Standard of deferred payment D. Unit of account
3	Tax incidence is the	A. Ultimate distribution of a tax's burden B. Measure of the inpat the tax has on employment and output C. Behavior of shifting the tax to another party D. Structure of the tax
4	The limit of an economy's total productive capacity at any given time is set by	A. The amount of money in circulation B. Business demand for goods and services C. The level of government spending and taxation D. the quantity and quality of its productive resources
5	Believers in the monetarist rule assert that	A. Lags are long and variable B. the economy cna be stabilized by automatic mechanisms C. The central bank should keep the money supply growth constant D. All of the above
6	"Far better for central bankers to get out of the fine tuning business instead they should d try to keep.	A. Taxes low B. Budgets balanced C. Money growth low D. Government spending in check
7	"The problem with monetarism is that its advocates have seen it as infallible over short periods of time and wish it to be rigid in its application over all periods of time "The advocates of monetarism wish it to the rigid in its application over all periods of time to.	A. Weaken fiscal policy B. Avoid monetary policy errors C. Strengthen the impact of monetary policy D. Ensure the independence of the central bank
8	If a perfectly competitive industry is in long run equilibrium all firms will	A. Have a marginal costs B. Have identical supply curves C. Operate at the point where marginal cost just covers all variable costs D. Have equal fixed costs
9	Other things equal a decrease in autonomous consumption shifts the _____ curve to the	A. IS ; RIGHT B. IS ; Left C. LM ; Left D. LF ; Right
10	Which of the following causes M1 demand is decrease.	A. A fall in the tax rate B. An increase in income C. A fall in the interest rate D. An increase in the use of credit cards

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PPSC Economics Topic 4 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 4 Monetary & Fiscal Policy

PPSC Economics Topic 4 Monetary & Fiscal Policy

When the reserve requirement on checking deposits is 0.10 and the Federal Reserve purchases government securities values at Rs. 100,000, the MI money supply.

A change in the money supply has a greater effect upon equilibrium income.

A decrease in the quantity of money supplied shifts the money supply curve to the________ and the equilibrium interest rate

A Political problem with discretionary fiscal policy is the.

In the Keynesian cross diagram, an expenditure causes the aggregate demand function to shift _________ and the equilibrium level of aggregate output to.

One of money's primary roles in the economy comes from the use of money to transfer purchasing power to the future This role of money is called.

The money multiple tells us teh ultimate increase in.

As the interest sensitivity of money demand increases

The function of money do not include.

The budget deficit tends to decrease when

If the nominal money supply doubles while real money demand is unchanged what happens to the price level.

using money as a medium of exchange.

In the Keynesian cross diagram, a decline in autonomous consumer expenditure causes the aggregate demand function to shift ______ and the equilibrium level of aggregate output to.

A decrease in fully autonomous investment other things equal shifts the ______ curve to the

An item designed as money that is intrinsically worthless could the.

When the value of the Rupee rises Pakistan goods become _____ expensive relative to foreign goods which ___ exports.

The investment demand curve shows the relationship between the levels of.

The quantity theory of money allows monetarists to obtain a number of economics predictions by assuming a constant.

In economics money refers to

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Top Scorers Of PPSC Economics Topic 4 Monetary & Fiscal Policy MCQ`s Test

PPSC Economics Chapter 4 Important MCQ's

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When the value of the Rupee rises Pakistan goods become ___ expensive relative to foreign goods which _ exports.