In August 2017, Hurricane Harvey caused massive destruction to Texas, Louisiana, and many Caribbean Islands. Catastrophic flooding
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In August 2017, Hurricane Harvey caused massive destruction to Texas, Louisiana, and many Caribbean Islands. Catastrophic flooding occurred, with hundreds of people requiring rescue, 68 killed, and estimated damage of $125 billion. Even those who weren’t directly affected by the destruction were hurt because businesses failed or contracted and jobs dried up. Using one of the principles of economy-wide interaction, explain how government intervention can help in this situation.
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