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
I am gonna buy it and give it to my nine year old brother
Super Funny Mug 😂
best mug ever spittin nothin but fax
i fucking hate your mugs and shirts
awesome product!
This mug made me to from a Level 1 Crook to Level 100 Mafia Boss instantly. I ascended to the heavens above when it came to the door and God himself told me "your a boss now cuh" and i descended feeling very powerful. Next thing I knew everyone loved me. However 4/5 stars because now I have too many fans and one is holding me hostage.... help
The mug is awesome, the yellow color is great but green is also good, the scream mug is the best mug in my entyre live!!! I can't imagine my life without this mug, i cant stop buing it.... I have like 30 mugs every color in this site and also i'm ordered a new one, please help me.
It is amazing I was having a bad day and I read this. My name is Evan and this made me happy
This mug made me horny.
looks perfect!!! we loved it
I ordered 4 of your mugs -- and have received 3; hopefully, the 4th is on its way! So far, I've received "fame," "620," and "$" ... only needing "hulo." ...It might be a matter of me being patient, that the 4th mug is on its way. However, the 3 received SO far are all EXCEPTIONAL, in every way!!! Mark Moilanen
I love this mug with a burning passion in my heart, I have purchased 7 of these mugs and intend to continue. This mug has changed my life for the better
it's the best mug of the world !!!!!
wow! this mug is so thoughtful to giving to my wife!
The description tells nothing but facts. 5 stars instant
Your description is right on, except in 1989 I named my daughter Kallen Mikel (www.kallenmikel.com/original-art). I thought I made up the name, but apparently, it originated as a boy's name in Greek and Hebrew. I first found this out in 2001 when I was traveling to Finland. In the 'tube food' section in a big Finnish supermarket there it was, a royal blue tube of salmon paste with a blonde-haired boy named Kallen! So now I have discovered that there are many Kallen's of both sexes. I want to buy her a cup, but it has 'him' on it. Is there any way you can make that a unisex description for both sexes? Just askin'. Being a Barbara (Barbs) myself ... a 'cake eater' from Edina, MN I had to ask ... haha ;-)
Thank you for the mug. It arrived fast and exceeded my expectations.
I loved my mug and it came in a timely fashion.
Gave i as a gift to my teacher she loved it
Sent this to a friend who may have originated the term, now part of slang lexicon. He was very pleased. The color is also perfect. Well done!
Review Details
Pro Customization
Create unique products with your own words and definitions
Live Preview
Personalize Your Design
Debug: Product Metadata
| Key | Value (click to copy) |
|---|---|
Copied! |
Return Policy
Made Just For You
Each product is custom-printed with your unique text, making it truly one-of-a-kind.
Defect-Free Guarantee
If your product arrives with printing defects, damage, or quality issues, we'll send you a free replacement.
Custom Orders
Due to the personalized nature of your order, we don't accept returns for change of mind or sizing issues.
Questions about your order? Contact our support team for assistance.