Page 249 - DECO402_MACROECONOMIC_THEORY_PUNJABI

iekweI-26: kwlfr dw ivAwpwr ckr isDWq

ivvsQw dI Awmdn iv`c v`Dw krdw hY È؇
ijQy nwl auhnW dI bcq v`DdI hY[
iesleI bcq vkr au`qy dI Aor iSPt
ho jwdW hY[ ies qrW invyS vkr I
qo Q`ly dI Aor iSPt krny Aqy bcq
vkr S dyo au`qy dI Aor iSPt krx
nwl ibMdu C Aqy B dy kol Aw jwdW
hY ijvyjW ik icqr dI AvsQw 2 iv`c
ivKwieAw igAw hY[ I vkr dy Q`ly dI
Aor Aqy S vkr dy au`qy dI Aor iSPt icqr 26.5
krx nwl ieh pRkirAw cldI rihdI hY jd q`k ik dovy vkr iek dUjy ƒ Cu nhI lYdy Aqy ibMdu C Aqy ibMdu B
imldy nhI hn, ijvydw icqr dI AvsQw 3 iv`c ivKwieAw igAw hY[ pr ies siQiq iv`c dovy idSwvW iv`c S
> I, iesleI Q`ly dI idSw iv`c ieh iek AsiQr AsMquln dI siQiq hY[ ieh ArQ ivvsQW ƒ Q`ly dI Aor lY
jWdI hY jd q`k ik AvsQw 3 iv`c ibMdu A nhI phu`cdw[

sMkucn AvsQw (Contraction Phase)
ivAwpwr ckr dI sMkucn
AvsQw ƒ vI iqn AvsQwvW
iv`c ivKwaudw igAw hY ijvy ik
icqr 26.6 iv`c[ ies siQiq
Y qo Suru krdy hn jyVI ik
1
icqr 26.4 dy ibMdu A qy nwl
myl KwdW hY[ ieh Alp smy dw
siQr sMquln dw ibMdu hY lyikn
Awmdn qo bhuq inmn p`Dr
dw[ pr Awmdn qo ienW Q`ly icqr 26.6
p`Dr qy lMmy smy iv`c ApRXukq Smqw dy kwrx puMjI stwk G`t huMdw hY Aqy invyS vkr I au`qy ƒ iSPt krdw hY[
nwl hI bcq G`t ho jWdI hY jyVI bcq vkr ƒ Q`ly dI Aor iSPt kr dydI hY[ ies qrW, I vkr dy auqy dI Aor
iSPt krx Aqy S vkr dy Q`ly dI Aor iSPt krx nwl A Aqy C siQiqAW kol Aw jWdI hY ijvydw icqr dI
AvsQw 5 iv`c ivKwieAw igAw hY[ ieh pRikirAw holI-holI cwlU rhygI jdo q`k ik I Aqy S spRS nhI krdy
Aqy siQqIAW A Aqy C iml nhIN jWdI ijvyN ik icqr ivc AvsQw 26.6 ivc idKwieAW igAw hY[ pr Y
1
Awmdn pDr qy A + C dI ieh siQqI auqy dI idSw ivc siQr hY ikauNik I > S ieh pRswrwqmk pRikirAw dy
v`l lY jweygI jdy q`k ik ArQivvsQw ibMdu B qy Awmdn au`cy p`Dr Y qy nhI pMuj pwdI hY[ ibMdu B qo I Aqy S
2
vkr holI – holI, icqr 26.5 dI AvsQw 1 iv`c ivKweI geI siQiqAw qy pMj jwxgy, Aqy ckirAW pRikirAw
dubwrw Suru ho jWdI hY[ ies qrW, kwlfr dI ckirAw Awqmjnk (Self-generating) hY[ kwlfr qy muqwbk,
auh SkiqAW jyVI Q`ly dI Aor mof ibMdu ilAwaudI hY auh aucqr qy inSicq nhI huMdI[ qyjI Awpxy Awp hI
inSicq rup iv`c Kqm ho jwvygI[ pr mMdI sQYiqk siQiq iv`c pY jWdI hY Aqy au`Qy hI rh jWdI hY jdo q`k ik
bwhrI bdlwv (ijvy ik nvy AwivSkwrW dI Koj jW nvI mwriktW ƒ Kolxw) auhnW dy bcwv qy nhI Awaudy[ Pyr,
kwlfr dy mofl iv`c ckr brwbr lMbweI Aqy AviD dy lox dy muqwbk nhI huMdy hY Aqy n hI pRswr Aqy sMkucn
lox muqwbk smrupk huMdy hn[ hikk`q iv`c, I Aqy S vkrW dI FlwnW Aqy ckr dI hr AvsQw iv`c auh iksy
dr qy iSPt krdy hn, ies qrw inrBr krdy hn[
kwlfr Apxy ivAwpwr ckr isDWq dI ivAwiKAw krx ivc n qW qvrx inXm Aqy n hI modirk kwrkW dw
pRXog krdw hY[ nwl hI auh ivKwaudw hY ik iksy viriD kwrk dy n hox qy ikvy iek ivAwpwr ckr pwieAw
jwdW hY[

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