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Summary: Life After Hurricane Katrina

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After Hurricane Katrina, production possibilities were influenced a few ways. Oil was one item greatly affected by the storms because very quickly it became harder to salvage and transport, in return this caused inflation. One way the economy was affected was by less oil being available, meant oil companies could raise the price of the product so they could continue to make a profit. Another way the economy was effect was due to name victims falling into debt. Due to all the damage the storm wreaked on the homes in New Orleans, people were having to pay large sums of money to repair or replace these valuable items. Prioritizing money became very important, victims were going to be cautious about spending as little money possible while still

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