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In the aftermath of Hurricane Katrina,some commentators speculated on the reasons why the government was so slow in coming to the aid of victims,notably African Americans who lived in the poverty-stricken lower Ninth Ward.What may have been their reason for doing so?
Investment
The process of distributing funds with the aim of earning an income or profit.
Classical Economics
Classical economics is a school of thought in economics that emphasizes the importance of free markets, the role of competition, and the idea that economies are self-regulating systems governed by natural laws of production and exchange.
Real GDP
Gross Domestic Product adjusted for inflation, providing a more accurate reflection of an economy's size and how it's growing over time.
Equilibrium
A scenario where market demand equals supply, resulting in the stabilization of prices.
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