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
Holy Cow, when I ordered the mug I mistakenly googled flenching instead of fetching! My wife and German Shepard compete in AKC canine agility competition and our German Shepherd won the fetching competition. To surprise her I thought I bought her a fetching coffee mug, needless to say I’m now living in Hotel 6.
My dad hated it🤣
This is the coolest Anspaugh mug that ever existed.
Great ordering experience..good quality
8.3 cm diameter? I hardly know her
The day this mug entered my life, my depression was cured, I won the lottery, my dad came back from the dead, and my mum started loving me, motto beg but if you rub the mug 3 times a genie WIll grant you 69 wishes (I wished for more mugs 69 times)
Gift for my niece. She loves it.
I don’t really want to by it but I do like that you can customize it Also I do find find funny nearly all the one star reviews are people say “I want the mug for free”
i tried to break this shit mug but died got reincarnated came back to life and this shitty mug was still there
How many ounces does it hold? I don’t know ask him. HIM!HIM! Fuck him! It’s catchy
Great experience with the Urban Dictionary and ordering my mug. Any concerns that were related to them were received promptly. Overall, it was a great experience
i love this mug its not a mistake ITS A MASTERPIECE
Describes my classmate in school, perfect
I love the cup and I’m certain I’ll be checking with you guys in the future..
*To those looking to purchase, others may criticize your sense of humor.* I love the thug shaker mug! It stands out as a quality desk ornament that all of my co workers are envious of. However, the other world leaders seem to find the thug shaker unfunny and immature for the work place. My wife says she will leave me if she sees it out one more time. I think I may have to give up the thug shaker persona once and for all. Stay strong thugs.
fuck you and your mugs give me a shirt or ill shit on you
Love love love it! Customer service gave me a coupon, let me know that I had to revise the definition when too long, and overall super helpful.
Nice Mug my second Mug. A little staining or photo graphic stain on the side of the cup and shown in the picture. As a result I cannot give a 5 Star Review.
The snarky message on the mug always gets big laughs from guests so I'm now using it as my go-to bourbon glass
Love the coffee mug. Would have been nice to see who had the word accepted into Urban Dictionary printed on the bottom of the mug. As I was the one. "Dusty Dawg" Other than that I love.
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