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
its been a hard year for a lot of us with covid and divorces and honestly its just been a lot for me. I recently went through a breakup with Greyson and i was looking for a gift to get myelf to cheer me up. Thats when i stumbled on this beauty. Its sleek and modern design is just fabulous. It just what I needed to get through the year. Thank you James!!!
After my divorce i hardly found anything to get me through the day. I was looking to buy some used socks on the internet for the thrill but i bumped into a website made my young adults. I had such a hard time understanding their slang that I almost busted into tears. In the hopes of not being scammed, I decided to Google every single word that I couldn’t quite put my finger on. After surfing through urban dictionary, it didn’t take long enough for me to fall in love with the entire concept and spend more than 90% of my day-to-day life on the website. From dirty words to actual explanations urban dictionary, made me complete and almost made me forget about my divorce. Fuck you, Susan, urban dictionary took your place. Suck on my educated toes. I bet you don’t know what a reckwhore means. LG Benjamin 10/10
LOVE THE MUG MY ONLY COMPLAINT IS THERE IS A TYPO ON IT . IT SAYS ...An insult hurled at a fat "dunk" woman by a redneck drunk man on an episode of Jail. SHOULDNT IT SAY.........An insult hurled at a fat "drunk" woman by a redneck drunk man on an episode of Jail. ??
I use it every morning. It's my favorite.
Bought this for my boss and now I'm part of the unemployment statistic, cool mug tho!
Cute, simple, as advertised.
My great great great great great uncle’s dog’s daughter’s owner’s sister loved this mug. Must recomend!!!
Got this for my dog
As a Jolology major, I love my new mug!
It was for a friends 70th b-day. When we order it, it was going to come 2 day after the party. But we were so excited it came 3 days before his party. It was a big hit. Thank you.
I gave it as a gift and the recipient loved it. No indication where it was made, so maybe USA? That would be really nice, if so.
I appreciated the email asking if the content was correct. Excellent quality and attention to detail. Thank you!
its an incredible mug! i would recommend purchasing this awesome product!
Damonism and #Stolen Valor Coffee Mug These coffee mugs are rugged, solid, high quality and keep the liquids hotter, longer. The definitions of both mugs are spot-on! I will definitely by more. Great work Urban Dictionary!
why is this a real thing? AND YA'LL ACTING LIKE IT'S NORMAL!?
I really like the mug, but I thought I had ordered the all pink one. What came was a white with a block of pink with "Fubar" written on it.
the only reason why i care about humanity this mug is the reason why i believe humanity deserves a second chance, even after they blaspheme my name. this mug is the greatest thing i've ever seen and i have ordered many of them. this mug replaces the holy grail. the bible should've told about the wonderful deeds of the mug and how it saved humanity from my wrath. alas, whilst the laws keep me from tampering with human minds and altering holy objects like the bible, i can only pass on my message: "spread the news and buy this mug!"
Its.. omg, its............. AMAZING AMAZING OMG ITS SOOO GOOD
A mug for your boyfriend Paul????? My boyfriend is not called Paul. I don't even have a boyfriend
Great mug... finally got my ""your mom gay lol" mug, I'm so happy
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