Page 76 - DECO402_MACROECONOMIC_THEORY_PUNJABI

smStI ArQSwsqr dy isDWq

È؇ 6. jd smuqQwn dI AvDI dy dorwx Awmdn v`DdI hY, qW bcq iv`c qyjI nwl virDI dy nwl nwl v`Ddw hY-
(a) apBog (A) AnupBog
(e) Krc (s) iedy iv`co koeI nhI[
pwihlw, pRo. toibn ny ies pirklqnw dw prISx krx dy leI nIgrO Aqy svyq pirvwrW dy bjt AiDAnW iv`c
pirsMpqI Dwrk Swml kIqy[ auh ies inSsrS qy puMijAw ik jykr pirvwrW dy pirsMpiq (holdings) iv`c
virDI huMdI hY, qW auhnW dI apBog dI pRvirqI v`Dx lgdI hY ijdy pirxwmsvrup auhnW dw apBog Pln auqy
dI Aor ƒ iKsk jwdW hY, dUjw, dUjy ivSv-X`uD dy smwpq hox qo bwAd qo keI qrw dI GrylU apBogqw vsquAW
bhuq qyjI nwl ivvhwr iv`c AweIAW hn[ ies qrW dI lox vsquAw dy pRcln nwl apBog Pln auqy dI Aor ƒ
iKsk jwdw hY[ iqjy, XuD dy bwd dy smy iv`c SihrIkrx dI pRvrIqI v`DI hY[ grwmIx KyqrW qo swihrI KyqrW dI
Aor AwbwdI dy plwXn dI ies rpqwr nwl apBog Pln auqy dI Aor srikAw hY[ ikauik KyqW iv`c kMm krx
vwly dI ApySw swry mjdUrW dI apBog dI pRvirqI v`D
hY[ coQy, lMmy smy dy prXqn, kul AwbwdI iv`c buMFy lokW
dw pRiqSqqw inrMqr v`D rhI hY[ jykr buFy lok kmweI
nhI krdy, Pyr vI auh vsquAw dw apBog qW krdy hI hY[
ies krky auhnW dI igxqI v`Dx nwl apBog Pln auqy
dI Aor ƒ iKsk jwdW hY[
“inrpyS Awmdn isDWq dy muqbwk, ies qrW dy krwxNw
nwl apBog Pln dy p`Dr dI Aor lgqwr aunW hI iK-
skwieAw hY ijnW ik lMmy smy dy apBog Aqy Awmdn dy
ivc Awnupwiqk sMbD sDwipq krx dy leI lox hY[ Aqy
ies qrW auhwƒ ieho ijhW pRqIq hox qo rokdw hY jyVw ik icqr 7.4
kyvl Awmdn dy AwDwr qy sMbiDq gYr-Awnupwiqk sMbD
pRqIq hMudw hY[”

‡≈√’ kynj dw apBog Pln isDWq qy Awpxy ivcwr pyS kro[

inrpyS Awmdn pirklpnw ƒ icqr 7.4 iv`c spSt kIqw igAw hY ijQy C lMmy msy dy iqkr apBog krdw
L
hY, ijvy ijvy AwsI lMmy smy dy vkr dy nwl nwl cldy hn auvy-auvy, apBog Aqy Awmd dy iv`c Awnupwiqk sMbD
ƒ pRkt krdw hY[
adwhrx, dy leI ies vkr qy A Aqy B ibMdUAW qy APC Aqy MPC brwbr hn[ Cs Aqy Cs QoVy smy apBOg
1
2
Pln rn, ijndy kwrn ieh EpBog Pln dIrGkwlIn EpBog Pln C dy nwl nwl ibMdu A qo iMbMdu B dI Aor
1
auqy ƒ v`Dx lgdI hY[ pr Cs Aqy Cs QoVy smy apBOg PlnW dy ibMdUikq ihsy dy nwl giq apBog ƒ Awmdn
1
2
iv`c virDI dy Anupwq iv`c nhI v`DygI[ iesleI ieh ihsw gYr-Awnupwiqk sMbD ƒ ivKwdw hY[
iehdw smISwqmk mulXWkn (Its Critical Appraisal) – ies isDWq dw v`fw gux ieh hY ik ieh Awmdn ƒ
Cfkr aun dujy kwrkW qy bl iddW hY jyVw ik apBogqw ivvhwr ƒ pRBwivq krdy hn ijnW dI kynj ny crcW
nhI kIqI sI[ pr iehdI kMmI ieh hY ik ieh gYr-Awnupwiqk apBog Pln dI mwinAqw lykr cwldw hY[ ijvy
jW ik pRo. SpIro ny lkS kIqw hY, “hux ijAwdqr ArQSwSqrI ieh mjsus krx lgy hn ik AwDwrBuq apBog
Pln Awnupwiqk huMdw hY ijdw mqlb inrpykS Awmdn pirklpnw dy pRmuK isDWq ƒ nkwrnw hY[”

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