The Keynesian theory focuses on aggregate supply, while the classical theory focused on aggregate demand

What is the typical shape of a total product curve?

a. An S-shape b. A U-shape c. An inverted U-shape d. A constantly increasing line e. A constantly decreasing line

In the DVCs, underemployment frequently takes the form of:

A. factory workers who are working longer hours than they would prefer. B. workers who are employed inefficiently in small industry when they could be highly productive in agriculture. C. farmers whose productivity is very low. D. craft workers and artisans who are replaced by simple machinery and equipment.