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
Couldn't wait until the mug got home. Immediately after i bought it i wet myself. I couldn't help it. I got so bored of waiting i ordered 5 more mugs. And then another 5. And then ANOTHER 5. And now i have fucking 60 mugs that say schizophrenia on them. I only intended on gifting this mug to my schizophrenic younger sibling as a last gift before i inevitably must suffocate him with his own pillow. Now with all these mugs and have decided to put one mug on the old couple across the street's doorstep each day until eventually they are convinced that they are schizophrenic and see things that aren't there. Next i will get them to be taken to a mental institute where they will be locked up to live in an all-white facility for the rest of their lives. My hope is that i can do this to all of the neighbors on my street so i can finally get enough space so that i can run my hamster experiments in peace without my neighbors always wonder what the small hamster screams coming from my basement are. Anyways nice mug 8/10.
I dont remember writing "I have dementia" in this cup ? a bit strange... nice cup tho.
I dont even own the mug. I just wanted to write a review about how epic it is>>> fuck you
my kids loved it. delicious and a great snack. would buy again.
it was great 💀
Gave it to my girl, she loved it.
Best mug I have ever had
love shoving it up my ass on a daily!!!!!
WOW THIS MUG MATCHES MY NAME I'M DEFINITELY GETTING THIS FOR MY BIRTHDAY
WOW I LOVE THIS SO MUCH IT EVEN MATCHES MY NAME! I'm definitely getting this mug for my birthday!
I got morb’d
This jar is amazing for vomiting in! i definitely recommend if you have ugly kids!
This cup is cool. I farted on it and my butt tickled
Perfect customized gift- super easy and quick to do and the order arrived in under a week!
Smaller than I expected for the price.
i use my mug for sperm donation
10/10, great for taking a massive shit in. Overflows if its more than 2 pounds, but its part of the fun, right?
Needed one to gift to my colleague in pests exptermination department, takes care of my bug pretty well. Damn well of a bugger, if I would, ol' chap. 😌
My nan bought this mug, took one sip and died on the spot. absolute joke.
it was day my mug had just arived i went to the door and grabed the box i closed the door AND BAM thge mug flew at me knockingme to the grouynd when on the ground the mug unzipped my pant a flew up my ass 10/10 loved it would buy
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