NASA EXPLAINS DUST BOWL DROUGHT. NASA scientists have an explanation for one of the worst climatic events in the history of the United States, the Dust Bowl drought, which devastated the Great Plains and all but dried up an already depressed American economy in the 1930's.
The short run [in economics] is a period of time in which the quantity of at least one input is fixed and the quantities of the other inputs can be varied. The long run is a period of time in which the quantities of all inputs can be varied.
Trickle-down economics, also referred to as trickle-down theory, is an economic theory that advocates reducing taxes on businesses and the wealthy in society as a means to stimulate business investment in the short term and benefit society at large in the long term. It is a form of laissez-faire capitalism in general and more specifically supply-side economics. Whereas general supply-side theory favors lowering taxes overall, trickle-down theory more specifically targets taxes on the upper end o