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bdkbZµ23% fiQfyIl oozQ fo'ys"k.k



          23-1  fiQfyIl oozQ % csjkstxkjh vkSj LiQhfr esa laca/                                     uksV

                 (The Phillips Curve : Relation between unemployment and Inflation)

          fiQfyIl oozQ csjkstxkjh dh nj rFkk eqnzk etnwjh ifjorZuksa dh nj esa laca/ dk fujh{k.k djrk gSA baXyS.M osQ
          vFkZ'kkL=kh ,- MCY;w- fiQfyIl us loZizFke bls igpkuk Fkk] blhfy, bls fiQfyIl oozQ dgrs gSaA ;g oozQ crkrk
          gS fd csjkstxkjh dh nj vkSj eqnzk etnwjh c<+us dh nj osQ chp foijhr laca/ gksrk gSA vius fo'ys"k.k dks baXyS.M
          osQ vkadM+ksa ij vk/kfjr djosQ mlus ;g vuqHkotU; fu"d"kZ izLrqr fd;k fd tc csjkstxkjh cgqr gksrh gS] rks
          eqnzk etnwjh njksa osQ c<+us dh nj uhph gksrh gSA ,slk bl dkj.k fd ^^tc Je osQ fy, ekax de gksrh gS vkSj
          csjkstxkjh vf/d rks Jfed pkyw njksa ls de ij viuh lsok,a nsus osQ fy, rS;kj ugha gksrs gSaA** blosQ foijhr
          tc csjkstxkjh de gksrh gS rks eqnzk etnwjh njksa esa o`f¼ dh nj mQaph gksrh gSA bldk dkj.k ;g gS fd ^^tc
          Je osQ fy, vf/d ekax gksrh gS vkSj csjkstxkjh cgqr de gksrs gSa] rks gesa vk'kk j[kuh pkfg, fd ekfyd cgqr
          tYnh&tYnh etnwjh njsa c<+k,axsA**

          eqnzk etnwjh nj vkSj csjkstxkjh osQ chp bl foijhr laca/ dks izHkkfor djus okyk nwljk dkj.k gS O;kikj fozQ;k
          dh izo`QfrA c<+rh O;kikj fozQ;k dh vof/ esa tc Je dh c<+rh ekax osQ lkFk csjkstxkjh fxj jgh gksxh rks ekfyd
          etnwjh c<+k nsaxsA blosQ foijhr ?kVrh O;kikj fozQ;k dh vof/ esa tc Je osQ fy, ekax fxj jgh gksxh vkSj
          csjkstxkjh c<+ jgh gksxh rks ekfyd etnwjh c<+kus dks rS;kj ugha gksrsA cfYd] os etnwjh ?kVk;saxsA ysfdu etnwj
          ,oa la?k bu vof/;ksa esa etnwjh dh dVkSrh dks ekuus osQ fy, rS;kj ugha gksaxsA ifj.kkeLo:i] ekfyd etnwjksa
          dks gVkus osQ fy, ckè; gksaxsA bl izdkj] tc Je cktkj ean gksrh gS rks etnwfj;ksa esa FkksM+h dVkSrh] csjkstxkjh
          esa vf/d o`f¼ yk;sxhA

          fiQfyIl us mi;qZDr rdks± osQ vk/kj ij fu"d"kZ fudkyk fd csjkstxkjh dh njksa vkSj eqnzk etnwfj;ksa esa ifjorZu
          osQ chp laca/ fp=k esa fn[kkus ij vfr vjs[kh; (non-linear) gksxkA ,slk oozQ fiQfyIl oozQ osQ uke ls tkuk
          tkrk gSA
          fp=k 23-1 esa PC oozQ fiQfyIl oozQ gSA ;g vuqyEc v{k ij eqnzk&etnwjh nj esa izfr'kr ifjorZuksa (W) vkSj
          {kSfrt v{k ij csjkstxkjh dh nj (V) dk laca/ crykrk gSA ;g oozQ ewy ¯cnq osQ mUurksnj gS tks n'kkZrk gS fd
          tc csjkstxkjh dh nj fxjrh gS rks eqnzk etnwjh esa gksus okyk izfr'kr ifjorZu c<+ tkrk gSA fp=k esa] tc eqnzk
          etnwjh nj 2» gS rks csjkstxkjh nj 3» gSA ysfdu tc etnwjh nj c<+dj 4» gksrh gS rks csjkstxkjh nj de gksdj
          2» gks tkrh gSA bl izdkj eqnzk etnwjh esa ifjorZu
          dh nj vkSj csjkstxkjh dh nj osQ chp fofue;  P  W
                                                          PC
          gksrk gSA bldk vFkZ gS fd tc etnwjh nj mQaph
                                               3    5
          gksrh gS rks csjkstxkjh nj de gksrh gS vkSj foykse'k%
                                                    S         C
          HkhA                                 2    4
          ewy fiQfyIl oozQ ,d fujhf{kr lkaf[;dh; laca/
                                               1    3
          Fkk ftls vf/d ekax }kjk vlarqyu esa Je cktkj
                                                    M               B
          osQ O;ogkj osQ ifj.kke osQ :i esa fyIlh (Lipsey)  0    2
          us lS¼kafrd :i ls o£.kr fd;k FkkA
                                               –1    1
          dbZ vFkZ'kkfL=k;ksa us csjkstxkjh dh nj vkSj dherksa  –2      T  N   A
                                                                                       U
          osQ Lrj esa ifjorZu dh nj vFkok LiQhfr nj osQ  O  1  2   3    4   5     6
          chp fofue; dh fLFkfr rd fiQfyIl fo'ys"k.k               fp=k 23-1
          dks c<+k;k gSA os bl ekU;rk dks ysrs gSa fd tc Je mRikndrk ls vfèkd rsth ls etnwjh c<+sxh rks dherksa esa


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