In October 2015, Hurricane Joaquin caused massive destruction to North and South Carolina, New York, and Florida.
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In October 2015, Hurricane Joaquin caused massive destruction to North and South Carolina, New York, and Florida. Catastrophic flooding occurred, with hundreds of people requiring rescue, 25 killed, and estimated damage of $12 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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