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
love it
excellent customer service. i gave the wrong address and they got it here quick.
This was easy to order although I wish the preview pics showed the next on both sides once you finish customizing. But I appreciated that if the text doesn't fit they email you and ask what you want it to say. Came out great and I can't wait to give it as a gift
it was frickin good mug i liked it it was good I have never thought of myself as someone who drinks from mugs. After I drank from this mug, I thought of myself as a mug-drinker. It was magical. My entire life changed. I didn't know what to do with myself anymore. How do you follow up a lifestyle change? I went on a long walk. About 67 miles. Once I got to the Walgreen's I realized I could've just drove. But I didn't. I'm no quitter. Not with this mug. This mug gives me power, perseverance. You want this mug. Trust me. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mug. You want this mu
I love How I can order a cup with one of my favorite words
Well printed, the mug's ceramic is of good quality, I'm not sure what else I can add. I am surprised it could be printed and shipped so quickly based on my earlier experience printing/kiln-firing/baking this kind of product. Well done.
Sent to a friend. He loved it!
I can't stop putting weird things on the cup I love this website 😆
Purchased this for my fiancé. One night watching TV, she blurted out the word "kaputnik." We laughed so hard. Never dreamed it was an actual word. Now, we know better. LOL
Sent a mug with DABNABIT printed on it to my Grandaughter for her birthday! She absolutely was thrilled with it! This is a saying I’ve used over the years a lot & we’ve always laughed about it! Ordered myself one too!!
Best mug I've ever seen honestly
looks great, came quickly, exactly as I wanted. minor observation - the coffee mug was a bit smaller than I expected. The mug is normal size, but most of my mugs tend to be a bit larger. No matter. I still enjoy it!! Perfect would have been larger - but that I my preference.
Bought this mug as a joke, the concept of there being a "magical one" was very funny to me. Great quality, I even feel magical myself.
Perfect!!
My nut hurts my nut hurts help
i bought this mug for my classmate and he likes it since its his crush name
Great mugs, great format, always fun to buy for friends!
Weird text for a dad mug Why can i put Infantile Pillock on a mug for my dad? Pretty funny
my partner thought it was very silly
Funny cup that my girl absolutely loved!
Review Details
Pro Customization
Create unique products with your own words and definitions
Live Preview
Personalize Your Design
Debug: Product Metadata
| Key | Value (click to copy) |
|---|---|
Copied! |
Return Policy
Made Just For You
Each product is custom-printed with your unique text, making it truly one-of-a-kind.
Defect-Free Guarantee
If your product arrives with printing defects, damage, or quality issues, we'll send you a free replacement.
Custom Orders
Due to the personalized nature of your order, we don't accept returns for change of mind or sizing issues.
Questions about your order? Contact our support team for assistance.