Page 132 - DECO402_MACROECONOMIC_THEORY_PUNJABI

smStI ArQSwsqr dy isDWq

+
È؇ MV M'V'
J iPSr dw smIkrx (Fisher’s Equation) – PY = MV + M‘V’ Bwv P =
Y
J mudrw dy pirmwx isDWq dI srqW (Assumptions of Quantity Theory of Money) –(i) mudrw
dI cln giq V Aqy V’ siQr hY (ii) ivAwpwr ivinmX siQr hY (iii) purx rojgwr (iv) M Aqy M’ dw
Anupwq siQr hY[
J Awlocnw (Criticisms) – (i) mudrw dI mwqrw Aqy kImq p`Dr iv`c SMbD iek Awm s`c hY[(ii) ieh
isDWq Avwsqivk mwinAqwvW qy AwDwirq hn[(iii) ies mw`fl iv`c ijs crW ƒ ilqw igAw hY auhnW
ƒ svqMqr minAw igAw hY pr hwikk`q iv`c ieh cr svqMqr nhI hY[(iv) ieh isDWq iek-qrPw hY
ikauik ieh mudrw purqI qy kyndirq hY[ (v) ieh isDWq kImq p`Dr ƒ iek inskirAw kwrx mwndw
hY jyVwik glq hY[(vi) ieh isDWq kyvl purx rojgwr dI siQiq iv`c pRXog ho skdw hY[(vii) ieh
isDWq ivAwpwr ckr dw vrxn krx iv`c ivPl hY[(viii) ieh isDWq AsMgqqW ƒ pRgt krdw hY[(ix)
ieh ibAwj dr dy mh`qv dI Avhylnw krdw hY[(x) mudrw dI cln giq ƒ mwpxw muSkl hY[(xi) ieh
Amodirk kwrko dI ivAwiKAw krdw hY[(xii) kImq iv`c bdlwv Awmdn p`Dr iv`c bdlwv dw pirxwm
ho skdI hY n ik mudrw dI mwqrw iv`c bdlwv dw[
J mwrSl dw smIkrx (Marshall’s Equation) – M = kY + k’ A
kR
J pIgu dw smIkrx (Pigou’s Equation) – P =
M
M
J rwbrtsn dw smIkrx (Robertson’s Equation) – P =
kT
J kYmbirj ivcwrDwrw dI Awlocnw (Criticism of Cambridge Version of Quantity Theory of
Money) – (i) ieh Avwsqivk mwinAwqvW qy AwDwirq hY[ (ii) ieh s`tw audyS dy leI mudrw dI mMg
dI Avhylnw krdw hY[(iii) ies isDWq iv`c ckRIX qrk ƒ ilqw igAw hY[(iv) ieh iek Apurx isDWq
hY[(v) ieh ibAwj dr dy pRBwv dI Avhylnw krdw hY[(vi) ieh vwsqivk kwrkW kwrkW dy pRBwv dI
Avhylnw krdw hY[(vii) ies ivAwpwr ckr dI ivAwiKAw krx iv`c ivPl irAw hY[(viii) ieh isDWq
iv`c mul isDWq Aqy mudrw isDWq iv`c smnvX dw ABwv hY[
J kynj dw mudrw Aqy kImq isDWq (Keynesian Theory of Money and Prices) – jd q`k ArQ-
ivvsQw iv`c byrojgwrI hY mudrw dI mwqrw iv`c viriD dy kwrx aqpwdn Aqy rojgwr v`Ddw hY[ iek
vwr ArQ-ivvsQw iv`c purx rojgwr ho jwvy qW mudrw dI mwqrw iv`c viriD Awnupwiqk rup qy kImq
p`Dr iv`c viriD krygI[
E IS
−
J kynj dw smIkrx (Keynes Equation) – n = +
O O
J mudrw pirmwx isDWq nwl kyninXn dsitkox dI SrySTqw (Superiority of Keynesian Approach
Over Quantity Theory of Money) – (i) ieh modirk isDWq ƒ mul isDWq dy nwl iekIkirq krx
iv`c mddgwr hY[(ii) ieh insicq rup iv`c iek v`D vwsqivk isDWq hY[(iii) ieh modirk Aqy aqpwdn
isDWq dw iekIkrx krx iv`c mddgwr hY[(iv) ieh kwrxwqmk kirAwvW dI auicq ivAwiKAw krdI
hY[ (v) ieh AwriQk nIiqAW dw cMgw pQ-pRdrSk hY[

√ÚÀ ÓπÒª’‰ (Self Assessment)
hyT id`qy gey kQ`nW iv`c shI Aqy glq dI pihcwn kro
(State whether the following statements are True or False):
7. mudrw dw pirmwx isDWq kyvl purx rojgwr dI siQiq iv`c hI mwinAw huMdw hY[
8. lw`rf irpn ny modirk isDWq dw aqpwdn isDWq dy nwl vI iekIkrx kIqw igAw hY[

126 LOVELY PROFESSIONAL UNIVERSITY