Compare the dynamics of economic activity in a Short Run and Long Run. Compare and contrast Physical Capital and Human Capital.

Macro Economics

• 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.