Phase modulator circuit ?

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If the Modulation Signal is analog, applying of the derivative of that signal to a FM ( VCO..) will create PM.(VCO response time will limit the Phase Changings of the Carrier)
Or, using IQ Modulation by fixing either I or Q signal while the other is changing and using this in a IQ Modulator if the Modulation Signal is purely binary..( Only I or Q will shift on the Constellation)
 


Thank you I know the first one. Second could be considered.
 

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