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
This mug... this mug gave me a feeling that I can only describe as pure euphoria. The 'MRI - Man's a Real Idiot' mug is truly a gift from above. I cannot express how happy I am with it. When it arrived at my front door, it was a moment of epiphany for myself. My eyes were opened. I understood what was missing in my life... and it was that very mug. Whoever created it is truly gifted. I bless them. You too could purchase it, although the price may seem high at first, for what it is, it is the greatest deal one could ever make.
Would have like the entire cup with purple color. Not just the part with the slogan. It's a nice cup!
Wow! Outstanding mug! I strive to be swoogish one day
It was fantastic very good quality.
Was purchased as a gift . Very well received . Easy ordering . Arrived earlier than predicted.excellent quality. Would recommend to friends and family and will definitely order again in the future.
The mug I ordered came in perfect shape In a box obviously designed for safe shipping. Quality is beautiful and is exactly as described. Thank you!
ABSOLUTE ART WORK!!!!! This is literally the best mug in the world. My entire family has one (wife, 2 daughters, and 3 sons). I would definitely recommend and place it as a mounoment.
Hilarious, I couldn't help but burst out loud in laughter.... !!!
It understands me. this mug has treated me better than any girl i've ever dated, and every bro i've chilled in the same bed with. we've been though thick and thin, but mostly thicc. i used to be depressed, but now this mug holds my existential fears so i dont need to carry them with me. i even wrote a song about my mug: mary had a little mug, e-i-e-i-o how i wonder what you are, floppy dongs near and far, cherri had a real thicc mug, e-i-e-i-despaci-to
Great mug, 100% recommend it for all family members! Best gift I’ve ever received!!!
It was so easy to order - and I could play with the syntax of the definition to get it just right. All of this was easy. And quite soon it arrived and is perfect.
Love it!! So true!!
I love 💕 mugs ☘️! These are so lovable. Thanks! I love the urban dictionary writers too.
The printing, the Word and it's definition -- were not quite what I expected. And the same word definition ordered on two different mugs, and yet each was described / defined differently.
Augustine would love the mis-spelling It should be Augustine's Laws. A great book - every engineer, programmer, project and programme manager should read. Based on experience of Defence and Space projects, and with lots of real data to support the tongue-in-cheek advice, it really has more value than all the System Engineering books I've never read. Can't wait to get a mug.
Sickm8 it was blooming gr8 for me GF. She bloody loved it. Onya!!!! ;)
aMUG US
very good product, i drink my coffee out of it every single morning. a tiny little itty bitty problem i have with it though, is that every time i drink anything except for coffee out of this mug it barrates me for having bad taste. makes me very sad, honestly. i didnt know cups could talk, but appearently i have been proven wrong. i would really appreciate it if you could start double checking if your cups are possesed by melicous spirts who like to insult you! except for that, great product!!
The workmanship of the product was excellent, and packaging for your delivery of this fragile item, a coffee mug, was appropriately safe. Nice job all around. Thank you.
It's the best mug in the history of mugs.
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