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
The mug is a gift for our Fantasy Football league winner…or loser. I'm not sure yet; it's a bit of a spoof that will be disclosed on Thanksgiving.
Love it just like your ranking to be noticed at 4 to stabilize with bots at 5 but looks real
Perfect Mug My CPacket mug arrived perfectly with the definition of that skid
My real first name is Ancil and I must say this is by far the greatest thing I have ever seen in my life and I love you all.
YOIT Ligma balls bitch. YOOOOOOOIIIIIIIIIITTTTTTTT
What is there to say? It's a mug, with a word in front and the definition in back. Nicely done!
This will be the perfect gift this winter! It even came in a nice little box. The mug seems to be of good quality. It was a bit pricy, got to be honest, but it’ll be very well received.
Deathless but probably comatose verse This cup is a beautiful mug From which I am happy to chug while engaging in jomo (the obverse of fomo), and pulling the ol' cyber plug.
The mug is just the right size, and the graphics are awesome!
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.
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