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
Without this mug, my life was but a series of painful unfortunate events. Since it has come into my life, love has followed, joy has followed and dishonour has been disavowed. Sincerely. From the bottom of my heart. Thank you. Please keep up the good work and I hope everyone will find joy as I have one day.
I love the Duh Big Red Truck so much that I have a tattoo. So does my best friend. We’re in our 60s. Woot woot!
my mom (Mia) loves the mug you made it is amazing you made her day #girlboss
I love da gooning mug. now i know how to goon and i can goon with my cool new gooner friends !
We really like our cup!!!
Just as described. Excellent packaging. Timely shipping. No problems here. Thanks!
Just wish it could have had a little more of the text on the mug, but otherwise it's great. What a clever marketing idea to be able to get this on t-shirts and mugs.
I spent the money and directly sent this to be the pettest person ever to a person who was doing this to me. It was awesome
It’s a sturdy ceramic mug. A little pricey, IMO, but I really wanted this definition on a mug. ¯\_(ツ)_/¯
Just what is needed for someone’s desk during the pandemic and beyond when they have to “MacGuyver” to make things happen.
Best purchase of my life, it's all downhill from here!
The Urban Dictionary offers one-of-a-kind products in its Coffee Mugs if you want to purchase something interesting. A bit off-center and not the norm. This is the place to be. Customer service is responsive to your query when asking a question. All Good.
Bought the mug, Holds up like a charm!! I was "Botello'd" by my wife so I think its fitting
Bought the mug. Holds up like a charm. I got "Botello'd" by my wife. Makes me feel nice.
Just as described. A fun line of products. Have already ordered others. Thanks!
You should get the penis mug. It's pretty elite - Elongated Muskrat
Loved how fast this arrived! Fun blast from the past... Dana Hills Dolphins!
It shows exactly what I want!!
its an alright mug. its moderate. mid. not the best. not the worst. pretty normal. if it was the weather it would be 50 degrees F. something so unexperiencing and experiencing at the same time. if it was on a number line, it would be in the center. i rate it a 5/10.
I can't believe my name became a meme. I love this mug.
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