WikiProject Economics (Rated C-class, High-importance)
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Small error I found: In the shifts of AD curve. The curve shifts right when there is a decrease in nominal money supply, not the other way around. — Preceding unsigned comment added by 89.71.136.232 (talk) 21:45, 19 January 2013 (UTC)

## What needs to be done

First of all, I dared to upgrade this articles importance. This is one of the most widely recognized economic models, it deserves more than mid! Second, whoever wrote it, thanks for the equations, but please include a legend telling which variable means what. Every textbook uses different letters, so it's not universally understandable. Third, source the equations.

--90.136.23.0 (talk) 00:09, 15 June 2008 (UTC)

## AS-AS equations

Instead of having equations that have no legend on them, how about we use the AD AS relation in a general form.

AD: $Y=Y(\tfrac{M}{P},G,T)$

AS: $P=P^e(1-\mu)F(1- \tfrac{Y}{L},z)$

Where Y is Output, $\tfrac{m}{p}$ is Real Money Stock, G is Government spending, T is Taxes, P is Price level, Pe is Price level expected, $\mu$ is the wage markup, L is Labor, and z is a wage catch all variable. Crimsonedge34 (talk) 19:25, 18 September 2009 (UTC)