Explain why natural disasters good for economy

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Using the broken window fallacy as described in "In The News" (p. 14 of Principles of Microeconomics),explain why some journalists, policy makers, and others proclaim that natural disasters are good for the economy in terms of eliminating old infrastructure and helping to create jobs. Do you agree or disagree? Provide specific examples to support your answers.

Reference no: EM131005966

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