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Truth in Teaching Macroeconomics: Mappings of the Aggregate Supply Curve onto the Phillips Curve


  • Nancy J. Wulwick

    (Old Dominion University)


This essay shows that the stable Phillips curve cannot be mapped off an aggregate supply curve that is linear or exponential. Yet many principles of economics books claim that the stable Phillips curve is a mapping of a stable aggregate supply curve. Treating the stable Phillips curve mechanically as a mapping of the stable aggregate supply curve discourages the cognitive skills that the principles course intends to develop.

Suggested Citation

  • Nancy J. Wulwick, 1991. "Truth in Teaching Macroeconomics: Mappings of the Aggregate Supply Curve onto the Phillips Curve," Eastern Economic Journal, Eastern Economic Association, vol. 17(4), pages 403-408, Oct-Dec.
  • Handle: RePEc:eej:eeconj:v:17:y:1991:i:4:p:403-408

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    References listed on IDEAS

    1. Akerlof, George A & Main, Brian G M, 1980. "Unemployment Spells and Unemployment Experience," American Economic Review, American Economic Association, vol. 70(5), pages 885-893, December.
    2. Carlson, John A & Horrigan, Michael W, 1983. "Measures of Unemployment Duration as Guides to Research and Policy: Comment [An Experience-Weighted Measure of Employment and Unemployment Duration]," American Economic Review, American Economic Association, vol. 73(5), pages 1143-1150, December.
    3. John M. Barron & Wesley Mellow, 1981. "Changes in Labor Force Status among the Unemployed," Journal of Human Resources, University of Wisconsin Press, vol. 16(3), pages 427-441.
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    More about this item


    Economics; Macroeconomics; Phillips Curve; Supply;

    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation


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