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