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lef"V&vFkZ'kkL=k osQ fl¼kar



                  uksV          Lrj ij miyCèk mRiknu dh vis{kk lkewfgd ek¡x osQ vfrjsd ls gSA ;fn orZeku ewY;ksa osQ Lrj ij oLrq,¡ i;kZIr
                                ek=kk esa miYkCèk gksa] (rks) ;g varjky lekIr gks tk,xkA
                                fp=k 22-3 esa LiQhfr varjky le>k;k x;k gSA bl
                                fp=k esa]  X-v{k ldy jk"Vªh; mRikn vFkok
                                                                                                  C + S
                                vFkZO;oLFkk dh vk; dks n'kkZrk gSA Y-v{k miHkksx                     C + S + G '
                                O;; (C)] futh fuos'k O;; (I) vkSj ljdkjh O;;         A
                                                                                                      C + S + G
                                                                       O;;
                                (G) esa lek, gq, oqQy O;; dks izLrqr djrk gSA
                                fp=k esa] vFkZO;oLFkk E ¯cnq ij lkE; esa gksrh gS]    E
                                tgk¡ oLrqvksa o lsokvksa dh oqQy iw£r (OY   vk;)  lkewfgd
                                                              f
                                oqQYk O;; (C + I + G) }kjk izfr¯cfcr mudh ek¡x
                                osQ cjkcj gksrk gSA (C + I + G) oØ 45° va'k dh
                                                                                                        X
                                js[kk dks E ¯cnq ij izfrPNsn djrk gSA ;g orZeku  O   Y F    Y
                                                                                      vk;
                                iwoZ&LiQhfr ewY;ksa ij iw.kZ jkstxkj vk; dks Hkh
                                                                                       fp=k 22-3
                                fpf=kr djrk gSA vk; osQ bl Lrj ij] (dksbZ)
                                vfrjsd ek¡x ugha gSA
                                vc eku yhft, fd ;q¼ ;k fodkl tSls dkj.kksa ls EA ek=kk osQ cjkcj ljdkjh O;; c<+us dh otg ls lkewfgd
                                ek¡x oØ Åij f[kld tkrk gSA u;k lkewfgd O;; (C + I + G') rd c<+ tkrk gS] (ftlosQ) ifj.kke Lo:i
                                ljdkjh O;; esa o`f¼ dh jkf'k osQ cjkcj EA dh vfrjsd ek¡x gks tkrh gSA pw¡fd vFkZO;OkLFkk iw.kZ jkstxkj ij
                                dke dj jgh gksrh gS] (vr%) EA dh bl vfrjsd ek¡x dks feVk;k ugha tk ldrkA lkewfgd ek¡x vkSj iw.kZ
                                jkstxkj Lrj ij miyCèk iw£r osQ chp ;g varjky LiQhfr varjky dgykrk gS] tks ewY;ksa dks Åij mBkrk gSA u;k
                                lkewfgd O;; AY  gS] tcfd orZeku ewY;ksa ij jk"Vªh; vk; OY  gSA OY  mRiknu osQ fy, ekSfnzd ek¡x EY
                                             f                                 f     f                        f
                                ugha] cfYd AY  gSA ;gk¡ EA LiQhfr varjky gS] tks (blfy,) ik;k tkrk gS] D;ksafd oLrqvksa o lsokvksa osQ
                                            f
                                mRiknu dh vis{kk O;; vfèkd rsth ls c<+rk gSA vr%] O;; dks Å¡ps ewY; Lrj ij mRiknu osQ eqnzk osQ leku
                                djus osQ fy, ewY; c<+rs gSaA tc rd yksxksa osQ ikl iz;ksT; vk; dh ek=kk muosQ ikl (j[kh) oLrqvksa dh ek=kk
                                ls vfèkd gksrh gS] LiQhfr dky izdV gksxkA
                                LiQhfrdkjh varjky ljdkj }kjk vfrfjDr O;; osQ dkj.k mRiUu gksrk gSA ;q¼ osQ nkSjku vFkok vk£Fkd fodkl
                                osQ le; osQ nkSjku LiQhfrdkjh varjky dks nwj djus osQ fy, ljdkjh O;; esa deh okaNuh; ugha gSA LiQhfrdkjh
                                varjky dks (bl izdkj) iwjk fd;k tk ldrk gSµ

                                 (i) izHkkoiw.kZ ek¡x dks de djus osQ fy, lekt }kjk LoSfPNd cpr esa o`f¼_
                                 (ii)  C + I dks ljdkjh O;; esa o`f¼ osQ cjkcj jkf'k osQ de djus osQ fy,] dj iz.kkyh dk iz;ksx djosQ yksxksa
                                      osQ ikl vfrjsd Ø; 'kfDr dk liQk;k djuk_
                                (iii) vfrjsd ek¡x dks iwjk djus osQ fy, oLrqvksa o lsokvksa osQ mRiknu dks c<+kuk] ;|fi viz;qDr lalkèkuksa
                                      dh deh osQ dkj.k ;gk¡ FkksM+h xqatkb'k gSA


                                22-4  LiQhfr osQ izHkko (Effects of Inflation)

                                vfèkdka'k vFkZ'kkfL=k;ksa dk er gS fd ean LiQhfr u osQoy okaNuh; gS] cfYd vk£Fkd o`f¼ osQ fy, ,d
                                vko';d 'krZ Hkh gSA ;g fo'ks"k :i ls Hkkjr tSls vfodflr ns'kksa osQ fy, lR; gS] tgk¡ ekuo 'kfDr csjkstxkj
                                gSA vkSj lalkèkuksa dks ,d=k djus esa enn nsrh gS] tks vU;Fkk miyCèk ugha gksxhA tc LiQhfr ljiV nkSM+rh gS



            224                             LOVELY PROFESSIONAL UNIVERSITY
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