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
Perfect way to start my day!
Ok it’s a mug drink from it act edgy with it who cares
This was a gift for my wife. She loves it.
The custom word and design came out perfectly, and my girlfriend absolutely adored the mug; I'll absolutely consider more custom-printed cups for birthdays and other occasions in the future.
Purchased this custom mug for my teenager, and they love it! The first comment was that the coffee stayed hot longer. Solid mug and the custom text isn't wearing ff after so many uses. Will definitely buy again.
The mug looks great and hasn't faded after multiple runs through the dishwasher. It microwaves well, and the text is sufficiently unruly.
I had been looking for the translation from a Tik Tok video and found it on Urban Dictionary. I was surprised to find a coffee mug available so I ordered one. My order was processed very quickly. My mug arrived promptly and in perfect condition. Many Thanks
This mug was a Father’s Day gift for my dad, and let me tell you, it is the greatest mug ever produced by humankind. Not only does it have a simple, minimalist design on it with my father’s name, but also the witty definition on the back that perfectly describes him. While he only uses the mug to hold his pens, I’m sure it would act perfectly fine with any sort of beverage in it as well. Urban Dictionary, let my just tell you that you have sent me the finest piece of art I could have possibly asked to hand over to my dad. Thank you, and I’m sure I’ll be purchasing another one of these fine crafted mugs some time soon. To whoever is reading this, have a nice day, and enjoy your summer.
I bought this for my daughter and she absolutely loves it!
exactly what wanted, holds hot coffee excellent, am 'Hutty'!! that's funny
Used it for a family inside joke, very funny
Great mug! Customizing was great!
why i want this mug i want this mug because I LOVE JUDE :) :) :) :) :) :) :) :) :) :)
Great as a little joke gift! But a little on the pricey side for a coffee mug. If I didn’t love the person as much as I do, I would probably never spend that amount on a normal coffee cup.
It is perfect. I purchased the mug aa a gift and the recipient loved it!
It’s so good and can hold my coffee all day long !
My favorite mug ever
Small cup printing is well done.
It's perfect. Just what I thought I would be getting. Love the definition on one side and the "phrase" on the other.
lmao n. definitely buy a sex mug
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