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.
financial economics. Branch of economics focused on the elements of time, risk, opportunity cost and other variables related to financial decisions. This field of study concentrates on how financial moves are made under uncertain conditions.