depression
*noun*; prolonged economic crisis characterized by drastic (i.e., >20%) decline in output, reduction in employment, and deflation. Other technical conditions include a liquidity trap and "permanent" (i.e., persisting in many sectors for several quarters) failure to reach equilibrium. Usually the word "depression" (when referring to economics) is used to refer to the Great Depression, although in fact there were eight incidents of a global depression between 1815 and 1922. These were --- 1815-21 --- 1832-33 --- 1837-44 --- 1854-57 --- 1867-68 --- 1876-79 --- 1893-96 --- 1920-22 In addition, there have been many localized depressions, panics (e.g., the 1907 Panic {USA}, followed by the Mexican Depression of 1908), and recessions. DIFFERENCE BETWEEN RECESSION & DEPRESSION The technical distinction between a recession and depression can vary, although economists usually agree on which is which. In Keynesian economics, a depression is defined by the existence of a flat liquidity-money (LM) curve (which means that interest rates have no influence on people's determination to hold their wealth as cash); and/or a nearly vertical investment-savings (IS) curve (which means interest rates have no influence on the willingness of entrepreneurs to expand/continue operations). In contrast, a recession is a much less drastic event. Interest rates still have influence on investment and liquidity, and there is no deflation. Conventional fiscal policy and monetary policy, combined and in moderate doses, can restore full employment. Neoclassical economics/New Classical economics defines a recession as a shift in people's income/leisure preferences as the result of a technology shock. The technology shock sharply reduces the returns to labor, so workers are paid less and many withdraw their labor from the market. In a depression, the technology shocks are compounded and cause a permanent change in the production function; large numbers of enterprise are no longer viable. More generally, a recession involves the downward phase of a routine business cycle; these typically occur every three-seven years. A depression represents a partial collapse of the industrial system, and a comprehensive collapse of the financial system.
The Urban Dictionary Mug
it was the best and it was so worth the 10000000000 dollars
Can we really send one to Trump? That's where mine is going. Anyone who gets it will see it as a compliment, I'm sure. Love my mug and love that new "urban dictionary" term: Celebritrash. It'll be in the mainstream dictionaries next week.
My friend saw the message on the cup ordered at a mutual friends house. We think it’s hilarious so had to put it on a coffee cup. Funny, great Christmas present. If she can’t use in public she can always use at home for pens and pencils on her desk!
Bought the "Bump Down" mug for my boyfriend, he thought it was the greatest and couldn't believe I'd actually found something with the phrase on it!
Great mug but i can't manage to get it out of my asshole again
First heard the term “Cheddar Headed” from the song Feel Good by the Gorillaz. Had to look it up and found the definition hilarious and at times very true! So......had to have it! Took it to work and it definitely made an impression. Hahaha!
This was purchased as a gift , and it describes the recipient perfectly . It arrived sooner than expected, and I am very impressed with the quality .
The mug I ordered was exactly as described on the site. The shipping was fast as well. I will buy from these people again.
Cute mug, arrived promptly in great condition. I like how you can choose background color & change wording. Will feel cheerful when drinking my coffee in this :)
Heavenly Mug This mug has been sent from the heavens. I'm too broke to buy it. But one day... I will. I will be mugged, dammit!
Why am I here? I don't know how I got here, but I can't stop writing weird things on the cup...😅 Help me. I have a test to study for. A family. Also, if I wasn't broke I would buy 10,000 of these mugs. They look highly entertaining. Love this website, and I probably will fail the test. 🙃
I took time designing it but wasn't sure, online tools being what they are, that what I was seeing was for sure what I'd get. Very much appreciated the customer service communication which verified that what I'd designed was what I wanted, and the shipping was quick too.
Item came on time as promised
Came within a week and it's exactly what I ordered, my friend will love it!
Sus cup I bought the sus mug for the sus king Daequan
Good quality, packaging shipped well, arrived quickly.
My mug came in broken but Urban Dictionary replaced it at no extra charge!
Excellent mug excellent service
this is the best for coffee and hot coco especially if you make the hot coco in it then pour it on your significant other and do body shots 😋🥱
I can pass away peacefully. This mug is everything I’ve ever needed and more. Fat thank you, Urban Dictionary. <3
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