Page 175 - DECO402_MACROECONOMIC_THEORY_PUNJABI

iekweI–17: mudrw guxk Aqy vixijXk bYkW rwhI swK inrmwx

È؇
mudrw dI AwdrS purqI (Ideal Supply of Money)
mudrw dI prqI dw pRBwv kul Krc qy pYNdW hY[ pirxwmsvrup, ividAwriQAW ƒ ieh slwh idqI jWdI hY ik
ivAwpwirk giqiviDAW, auqpwdn Aqy rojgwr swry iehdy ies pYrwgRwP ƒ iDAwn nwl pFo ijdy nwl
nwl pRBwivq huMdy hn[ pRSn auTdw hY ik iek purx rojgwr auhnW ƒ ies g`l dw igAwn ho sky ik mudrw
vwlI ArQ-ivvsQw, ijdy iv`c aqpwdn dw koeI vI swDn dI purqI ikvy ArQ-ivvsQw iv`c AwriQk
bykwr nhI huMdw, rwhI aqpwidq aqpwdn ƒ KrIdx dy leI kirAW ƒ pRBwivq krdI hY[
iknI mudrw dI purqI dI lox huMdI hY[ mudrw dI ies purqI ƒ hI AwdrS purqI ikhw jwdW hY[ ies purqI dy
pirxwmsvrup dyS dI aqpwdn Smqw dw purx apXog krxw sMBv ho jwdw hY[ purx rojgwr dI siQiq ivc
jykr mudrw dI purqI AwdrS purqI qo v`D ho jwvy qW mudrw sPIiq dI siQiq pYdw ho jwvygI Aqy kImqW qyjI
nwl v`Dx lwgygI, iehdy Elt, jykr mudrw dI purqI AwdrS purqI qo G`t huNdI hY qW kImqW Gt`n lgygI
mMdI Aw jwvygI Aqy cwro pwsy byrojgwrI PYl jwvygI[ iesleI mudrw dI purqI ienI hoxI cwihdI hY ijdy
nwl dyS iv`c aun swirAW vsquAW, ijnW dw aqpwdn kIqw igAw hY, ƒ KrIdw jw sky qwik mudrwsPIiq
jW ivsPIiq dI siQiq pYdW n ho[
iDAwn rvy, ik mudrw dI purqI iv`c bdlwv dw kul Krc qy pRBwv kyvl qd pvygw jykr lok mudrw dw Krc
krygy n ik ausƒ nkd rup iv`c Apxy kol rKxgy[ hikk`q iv`c mudrw dI purqI iv`c bdlwv nwl lokW dI
qrlqw iv`c vI bdlwv ho jwdW hY[ lok ApxI pirsMpiqAW (Assets) ƒ modirk, ivqIX Aqy vwsqivk puMjI
dy rup iv`c Apxy kol rKdy hn[ mudrw dI purqI iv`c bdlwv dy Plsvrup lokW dI modirk pirsMpiqAW iv`c
vI bdlwv ho jwdW hY[ jykr modirk pirsMpiqAW iv`c bdlwv dy kwrx lok v`D DMn vwsqivk pirsMpiqAW,
ijvy mkwx, kwr, TV syt, Awid qy Krc krxw cwaudy hn qW kul Krc, Aqy iesdy nwl hI rwStrI Awmdn
iv`c viriD hovygI[ iesdy ault, jykr lok ApxI mudrw ƒ ivqIX pirsMpiqAW, ijvy SyAr, pRiqBuiqAW
Awid qy Krc krx cwaudy hn qW auhnW dI kImqW v`DygI Aqy ibAwj dI dr G`tygI[ ibAwj dI G`t dr
invyS ƒ poRqswihq krygI Aqy rwStrI Awmdn iv`c viriD hovygI[ pr jykr lok ApxI v`DI hoeI modirk
pirsMpiqAW ƒ qrl rup iv`c rKxw pSMd krygy qW kul Krc iv`c koeI bdlwv nhI hovygw Aqy n hI rwSqrI
Awmdn iv`c koeI bdlwv hovygw[ iesleI kyvl mudrw dI purqI iv`c bdlwv hox nwl hI kImq siQrqw jW
purx rojgwr dw ¿πÁ∂Ù pRwpq nhI ho skdw[ lokW dI mudrw dy leI mMNg dI gxnw krx dI aunI hI lox hY[

muK ibNdU (Key points)

J mudrw purqI (Money Supply) – ieh ArQ-ivvsQw iv`c aplbDuqw mudrw dI mwqrw ƒ ivKwaudI hY[
ieh iek stw`k AvDwrxw hY jyVI iek inSicq smy qy mwpI jWdI hY[
J mudrw purqI dy sMGtk (Components of Money Supply) – (i) kryNsI (ii) mMg jmw[
J Bwrq iv`c pRXog hox vwly modirk smucX (Monetary Aggregates used in India) – purwxy mwp dy
muqwbk ieh M , M , M Aqy M hY[ nvI mwp dy muqwbk ieh NM , NM , L , L Aqy L hY[
1 2 3 4 2 3 1 2 3
J mudrw purqI ƒ pRBwivq krx vwly kwrk (Factors Influencing Money Supply) – (i) modirk
AwDwr dw Awkwr (ii) nkdI Aqy mMg jmw dw Anupwq (iii) cln dI giq[
J mudrw guxk (Money Multiplier) – ieh mudrw purqI ivc bdlwv jW modirk AwDwr bdlwv dw
Anupwq hY[
J au`c Skiq mudrw (High Powered Money) – ieh auh mudrw hY jyVI kyNdrI bNYk jW srkwr rwhI
inrgimq kIqI jWdI hY Aqy jnqw hor vwixijXk bYkW rwhI Apxy kol rwKI jWdI hY[
J swK guxk (Credit Multiplier) – ieh kul jmw iv`c bclwv Aqy pRwQimk jmw ivc bdlwv dw Anupwq hY[

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