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
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
The custom mug was as described. The packaging was first rate, and the shipping was surprisingly fast.
Brenanaz (love it!)
I impressed and made my best friend laugh when he saw I was drinking out of it. That was worth all the cash in the world
I love this mug , it is the best present I have ever received, it reminds me of what I was snd where I am today. I am praying for my own downfall
Love it! No issues at any part in the process
A gift for my sis who got betrayed by her supposed to be friend. His loss for ever RIH stan
Speedy shipping and as always love the mug especially since I created the word!
My brother is a marathon runner, but he’s British. Instead of drinking water from a bottle like a sane person, he uses this to drink his black tea during runs. Now I can die in peace knowing he’s drinking from a mug with the definition of the word “objectumsexual” for some reason.
Bought this without checking the back for my 12 year old cousin's birthday who adores trains! He's a lil autistic. I thought to 'run a train' meant to work on it and keep it running, much like my cousin is always talking about how he wants to drive a train. I was distraught to hear him turn over the mug on his bday in front of his two very strict puritan parents. My auntie and uncle are threatening to put me on a list now and threatening to sue me for defamation or some shit idk i didnt go to law school cus im not a nerd lols. (unlike them who both went to university) i got a kick ass job as a bouncer for an under 18s club - youd be surprised how big 12 year olds get- but they are just stupid. im worried i might get fired if this leaks.) Thanks a bunch! (sarcasn) - im feeling p down atm, if anyone could cheer me up, my number is 0800 1111, if anyone wants to do whats on the mug LOL (serious). btw, i kept the mug for myself since i found it decently adequate and quite tasteful. /srs
Thanks guys, I knew I was hot but not *that* hot
Great way to wake up and clear your head every morning with the reminder of the day you woke up dumb enough to spend $32.95 for a basic coffee mug
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