· Compare the dynamics of economic activity in a Short Run and Long Run
· Compare and contrast Physical Capital and Human Capital.
8.2 Action Required:
Read the article by using the following link: http://www.newyorkfed.org/research/epr/01v07n1/0103stir.pdf
8.3 Test your Knowledge (Question):
Explain Productivity and Human Capital and Physical Capital
8.4 Instructions
Answer the given question in your own word and it should be less than 100 words.