Page 138 - DECO402_MACROECONOMIC_THEORY_PUNJABI

smStI ArQSwsqr dy isDWq

È؇ (ii) boml dy isDWq dI iek srySTqw ieh vI hY ik ijQy kynj dw mq hY ik mudrw dI lyn-dyn mMg ibAwj
byloc huMdI hY auQy boml ny isD kIqw hY ik mudrw dI lyn-dyn mNMg ibAwj locnwqmk huMdI hY[
(iii) boml dw isDWq vwsqivk SySW dy leI lyn-dyn mMg dw ivSlySx krdw hY, Aqy pirxwmsrup mudrw BRWiq
(money illusion) dy ABwv qy jor iddW hY[

(iv) boml dI mwlsUcI ivSXk SYDWiqk idirStIkox klwiskI Aqy kynijXn dovy hI idirStIkoxW iv`c iesleI
vI SryST hY ik ieh pirsMpiqAW Aqy auhnW dI ibAwj Aqy gYr-ibAwj lwgqW ƒ iDAwn iv`c rKkr
mudrw dI lyn-dyn mMg ƒ purqI isDWq iv`c iekIkirq kr dydw hY[

√ÚÀ ÓπÒª’‰ (Self Assessment)
bhuivklpIAw pRSn (Multiple Choice Questions):
3. nkdI SySW ƒ rKx iv`c ibAwj-lwgqy Aqy gYr-ibAwj lwgqy rhdI hY -
(a) Swml (A) SyS
(e) v`D (s) G`t-qo-G`t[
4. jykr dlwlI v`D jWdI hY qW inkwsO dI igxqI ho jWdI hY -
(a) v`D (A) G`t

(e) v`D-qo-v`D (s) iedy iv`co koeI nhI[
5. ijvy-ijvy Awmdn v`DdI hY avy-auvy v`DdI jWdI hY -
(a) mudrw dI lyn-dyn mMg (A) Awmdn
(e) Krc (s) iedy iv`co koeI nhI[
6. jykr Awmdn cwr guxw v`DdI hY, qW iestqm lyn-dyn SyS huMdy hY -
(a) kyvl iqguxy (A) kyvl dugxy
(e) kyvl brwbr (s) kyvl cwr guxy[

14.2 toibn dw invySsucI cXn mw`fl : joiKm invwrx qrlqw AiDmwn isDWq
(Tobin’s Portfolio Selection Model : The Risk Aversion Theory of
Liquidity Preference)

jyms toibn ny Awpxy “Liquidity Preference as Behaviour Towards Risk” SIrSk pRisD lyK iv`c invyS-
sucI cXn qy AwDwirq joiKm invwrx AiDmwn isDWq pyS kIqw[ ies isDWq iv`c qrlqw AiDmwn qy kynijX
isDWq dy do pRmuK doSW ƒ dur kIqw hY[ iek, kynjIX qrlqw AiDmwn BwvI ibAwj drW dI pRqXwSwAW dI byloc
qy inrBr krdw hY; Aqy dujy, ivAkqI jW qW mudrw rKdy hn jW Pyr bWf hI[ toibn ny ien doSW ƒ dur kr
idqw hY[ ausdw isDWq BwvI ibAwj drW dI pRqXwSwAW dI loc qy inrBr nhI krdw, blik ieh mwnqw lYkr
cldw hY ik ibAwjDwrk pirsMpiqAW rKx iv`c pu`jI lwB Aqy nukswn dw pRqXwiSq mu`l hmySW jIro huMdw hY[
Pyr, ieh g`l vI spSt krdw hY ik iksy ivAkqI dI invySsucI iv`c mudrw Ay bWf dovy hI rihdy hn, ieh nhI
ik iek smy iv`c koeI iek hI rvy[
toibn qrlqw AiDmwn dw Apxw invyS sucI cXn mw`fl pyS krdy hoey Suru iv`c hI ieh mnky cldw hY ik
pirsMpiq Dwrk ivAkqI dI invyS sucI iv`c mudrw Aqy bWf dovy hn[ mudrw iv`c ausƒ n qW koeI Awmdn huMdI
hY Aqy n hI koeI joiKm aTwxI pYdI hY[ pr bWf iv`c ibAwj imlwdw hY Aqy Awmdn vI imldI hY[ pr bWf
qo pRwpq hox vwlI Awmdn Ainsicq hY ikauik puMjI nukswn Aqy lwB dI joiKm swml hY[ bofW qo ijnw v`D
invyS hovygw, aus iv`c pNUjI nukswn dI joiKm vI anI hI v`DI hovygI[ invySk ieh joiKm qd hI auTw skdw hY
jd bWfW qo pRwpq Awmdn ausdy nukswn ƒ purw kry[

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