Which of the following is a residual reward that accrues to business decision makers who use resources so as to increase their value?

The new classical model has as its central idea that

A) workers and firms have rational expectations. B) wage and price stickiness explain fluctuations in real GDP. C) shifts in aggregate demand have no impact on real GDP. D) the Federal Reserve should adopt a monetary growth rule.

Going to college to get more knowledge and skills is considered to be an increase in

A) physical capital. B) consumption. C) human capital. D) net exports.