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lef"V&vFkZ'kkL=k osQ fl¼kar



                  uksV          ijarq fiQfyIl oozQ osQ uhfr fo"k;d fufgr rÙo
                                                                                  PC
                                mrus ljy ugha gSa ftrus os izrhr gksrs gSaA tc  I 3
                                vfèkdkjh ,slh LiQhfr dh nj osQ laca/ esa fu.kZ;
                                                                          I 2
                                djus yxrs gSa tks csjkstxkjh dh fof'k"V nj ls esy
                                [kkrh gks] rks mUgsa vusd izfrca/ksa dk lkeuk djuk
                                                                        (% )  I
                                iM+rk gSA bl izdkj LiQhfr vkSj csjkstxkjh esa  A 1        E
                                fofue; dh leL;k izfrca/ksa osQ varxZr pquko  Inflation  I'
                                djus dh leL;k gSA bls fp=k 23-5 esa fn[kk;k                      F
                                                                          C
                                x;k gSA izfrca/ gS fn;k gqvk fiQfyIl oozQ PC
                                rFkk mnklhurk oozQ I , I , I , I , I , I , I', I' tks
                                               1  1  2  2  3  3
                                vf/dkfj;ksa osQ csjkstxkjh vkSj LiQhfr osQ chp  O
                                                                                         B   I
                                                                                            1   D   I 2  I  3  I'
                                pquko dks izdV djrs gSaA mnklhurk oozQ ewy ¯cnq
                                                                                     U nem ploym ent (% )
                                osQ urksnj (concave) gksrs gSa D;ksafd ;fn vf/
                                                                                       fp=k 23-5
                                dkjh csjkstxkjh dks ?kVkuk pkgrs gSa rks mUgsa LiQhfr
                                c<+kuh gksxh vkSj ;fn csjkstxkjh dks c<+kuk pkgrs gSa rks LiQhfr ?kVkuh gksxhA blfy, ;s oozQ Í.kkRed mi;ksfxrk
                                dks O;Dr djrs gSaA iajrq I I  oØ dh vis{k I I  oØ lkoZtfud dY;k.k osQ vfèkd Å¡ps dY;k.k&Lrj dks O;Dr
                                                  1 1           1 2
                                djrk gSA bldk dkj.k ;g gS mQaps oozQ dh vis{kk uhps oozQ ij dksbZ Hkh ¯cnq csjkstxkjh vkSj LiQhfr dh uhph
                                nj dks O;Dr djrk gSA b"Vre fofue; ¯cnq E gS tgka mnklhurk oozQ I I  fiQfyIl oozQ PC dks Li'kZ djrk
                                                                                    2 2
                                gS tgka LiQhfr dh OA nj rFkk csjkstxkjh dh OB nj esa fofue; gSA ijarq ;fn vf/dkjh ,slh ekSfnzd ,oa
                                jktdks"kh; uhfr;ka viuk,a ftuls os LiQhfr dks ?kVkuk vkSj csjkstxkjh dks c<+kuk pkgsa] rks mnklhurk oozQ I'I' gks
                                tk,xkA ;g I'I' oozQ fiQfyIl oozQ PC dks F ¯cnq ij Li'kZ djrk gS vkSj OC LiQhfr rFkk OD csjkstxkjh fofue;
                                gks tkrk gSA
                                oqQN vFkZ'kkf=k;ksa us ;g lq>k;k gS fd LiQhfr rFkk csjkstxkjh osQ fujh{k.k ewY;ksa ij vk/kfjr fiQfyIl oozQ osQ
                                fxnZ ,d iaQnk (ywi) ;k ifjozQekiFk (pDdj) gksrk gSA bls fp=k 23-6 esa fn[kk;k x;k gSA O;kikj pozQ esa foLrkj
                                osQ izkjafHkd pj.k esa csjkstxkjh&LiQhfr ywi esa ?kVrh
                                LiQhfr vkSj c<+rk mRiknu ik, tkrs gSaA bldk dkj.k ;g
                                gS fd foLrkj'khy eqnzk vFkok jktdks"kh; uhfr osQ
                                ifj.kkeLo:i ekaxkfèkD; LiQhfr vk tkrh gSA pØ osQ bl
                                pj.k esa] LiQhfr rFkk csjkstxkjh osQ chp fiQfyIl oØ }kjk
                                                                                 PC
                                                                            (% )
                                lq>k;k x;k lkekU; lacaèk cuk jgrk gSA bls PC oØ osQ
                                                                            Inlfation
                                uhps ls rhjksa dh xfr }kjk fn[kk;k x;k gS] tc csjkstxkjh  A  B
                                dh nj fxjrh gS vkSj LiQhfr dh nj c<+rh gSA ;fn leLr
                                ekax dk c<+uk tkjh jgrk gS vkSj LiQhfrdkjh ncko rsth
                                idM+ tkrs gSa rks fcanqfdr ywi fiQfyIl oØ dks A fcanq ij
                                ikj dj tkrk gSA egaxh eqnzk vFkok jktdks"kh; uhfr
                                viukus ls leLr ekax fxj tk,xhA ijarq dherksa esa o`f¼
                                                                             O
                                dh izR;k'kk,a etnwjh esa o`f¼ yk nsaxh vkSj LiQhfr dh  U nem ploym ent (% )
                                fiNyh nj gh cuh jgsxhA blfy, csjkstxkjh c<+sxh vkSj        fp=k 23-6
                                dhersa ugha ?kVsaxhA ;g ckr fiQfyIl oozQ osQ nk,a fLFkr
                                ywi osQ mQijh Hkkx ls izdV gksrh gSA ijarq tc vf/d ekax fu;af=kr gks tkrh gS vkSj mRiknu c<+rk gS rks csjkstxkjh


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