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iekweI–15: PRIfmYn dw mudrw dy pirmwx isDWq dw dubwrw pRiqpwdn
4. Awmdn sMpiq dy suck dw ………………… kr skdI hY[ È؇
(a) ivroD (A) kMm
(e) plwn (s) iedy iv`co koeI nhI[
5. pRiqPl dI AwKrI dr ho skdI hY -
(a) jIro (A) G`t
(e) v`D (s) iedy iv`co koeI nhI[
6. qrlqw qo Alwvw sMpiq DwrkW dI ruicAW Aqy AiDmwn huMdy hY -
(a) Acr (A) cr
(e) scr (s) iedy iv`co koeI nhI[
15.3 PRIfmYn bnwm kynj (Friedman Vs Keynes)
PRIfmYn dw mudrw mMg Pln hr qrW qo kynj qo iBn hY ijsdI Qwly crcw kIqI jw rhI hY –
1. kynj dI qulnw iv`c PRIfmYn Apxy mudrw dI mMg Pln dI ivAwiKAw krx dy leI mudrw dI iek ivsqirq
pirBwSw dw pRXog krdw hY[ auh mudrw ƒ iek pirsMpiq jW puMjIgq vsqU mwndw hY jyVW Kird Skiq
dy iek AsQweI invws qy kMm krx dI Smqw rKdI hY[ ieh Awmdn dy pRvwh jW aupBog krx Xog
syvwvW pRdwn krx dy leI Dwrx kIqI jWdI hY[ dUjI Aor, kynj dI mudrw dI pirBwSw iv`c mMg jmw
Aqy srkwrI ibAwj-rihq krj Swml hn[
2. PRIfmYn iek ieho ijhw mudrw dw mMg Pln bnwdw hY jyVw kynj qo purI qrW iBn hY[ iehdy muqwbk, sMpiq
DwrkW dI Aor qo mudrw dI mMg Anyk crW dw Pln hY[ ieh hn - R - mudrw dI pRwpiq; R - bWfW
m b
dI pRwpiq; R - pRiqBUiqAW dI pRwpiq (yield); g - Boiqk pirsMpiqAW dI pRwpiq; Aqy m (mXu) hor
e p
crW ƒ ivAkq krdw hoieAw[ kynjIx isDWq iv`c, pirsMpiq dy rup iv`c mudrw dI mMg bWfW q`k hI
sIimq hY, ijQy ibAwj dry mudrw Dwrx krx dI sMbD lwgq hY[
3. kynj Aqy PRIfmYn dy mudrw XMqrvwd iv`c AMqr hY ik mudrw iv`c bdlwv AwriQk kirAW ƒ iks qrW
pRBwivq krdy hY? kynj dy muqwbk, modirk bdlwv bWf kImqW Aqy ibAwj drW rwhI proS rup iv`c
AwriQk kirAw ƒ pRBwivq krdy hn[ modirk AiDkwrI bWf Kirdky mudrw purqI v`Ddy hn jyVy auhnW
dI kImqW iv`c ivrDI krdI hY Aqy auhnW qy pRwpqI G`t krdI hY[ dUjI Aor, PRIfmYn dy isDWq iv`c
modirk bdlwv hr qrW dI vsqUAW dI kImqW aqy aqpwdn ƒ pRqXS Aqy sIDy pRBwivq krdy hn[
ikauik lok Apxy kol rKI hoeI iksy vI pirsMpiq ƒ KrIdxgy Aqy bycxgy[PRIfmYn ies g`l dy jor iddW
hY ik mwrikt ibAwj dI dry aun drW qy kul spyktRm dw iek Cotw ijhw ihsw hY[
4. dovy dsitkoxW iv`c mudrw SysW dy Dwrx krx dy audyiSAW dy bwry iv`c vI AMqr hY[ kynj mudrw SySW ƒ
‘skirX’ Aqy ‘inskirX’ SryixAW iv`c ivBwijq krdw hY[ pwihlW dy lyn-dyn Aqy sqkrqw ¿πÁ∂Ù
Swml hn Aqy dujy iv`c, mudrw Dwrk dw stw audyS[ dusry pwsy, PRIfmYn mudrw SySW iv`c ieho ijhw koeI
ivBwjn nhI krdw hY[ auhdy muqwbk mudrw hr qrW dy iBn ayudySW dy leI Dwrx kIqI jWdI hY jyVI
mudrw Boiqk pirsMpiqAW, kul sMpiq mnu`K sMpiq Aqy Awm AiDmwn, ruicAW Aqy pRqXwSwAW vrgI
pirsMpiqAW dy kul pirmwx inrDwirq krdI hY[
5. PRIfmYn Apxy ivSlySx iv`c sDweI Awmdn Aqy mudrwrup (nominal) Awmdn rwhI Apxy isDWq dI
ivAwiKAw krdw hY[ sDweI Awmdn auh hY ijsdI mwqrw dw iek sMpiq Dwrk apBog kr skdw hY[
kuJ dyr dy leI AwpxI sMpiq ƒ purI qrW rKdy hoey[ mudrwrup Awmdn ƒ kryNsI dI cwlU iekwieAw qy
mwipAw jwdW hY[ ieh ivAwpwirk vsqUAW dI mwqrw Aqy kImq donW qy inrBr krdw hY[ dujI AOr kynj
ieho ijhw koeI Prk nhI krdw hY[
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