Question: Answer each question clearly, logically, and concisely 1. What 1s the difference between the resource of labor and the resource of human capital? 2. Draw

Answer each question clearly, logically, and concisely

1. What 1s the difference between the resource of labor and the resource of human capital? 2. Draw two business cycles on the same graph Label BC1 for business cycle without any government stabilization policies. Then label BC2 as the business cycle when successful government stabilization policies are applied. 3. Why does Y=GDP

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