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
Awesome mug feels really nice good weight and color although I think the shade could be a little brighter when it comes to the highlighter yellow, I am still pleased with the outcome and the fact that a whole passage was so neatly printed onto the product, very pleased with the packaging too! That made it so easy to wrap just in time for Christmas. Who knew!!
okay so the mug was mid but when you have a genz meme and give it to one of the most serious people you know then it's pretty funny
Nice mug, great feel‼️
Perfect!
Good quality ceramic cup! Worth the novelty price!

Perfect gift for my gf
Looks great! Came quick
Gave it to my nerd brother. He used it consume liquid

Love it

as a fan of non-Z-generation-UD (since 2000 more or less) , especially of old-school definitions ("phat!") (as Nick, the more time passes by, the more I reach my inner age = 75 XD) , I totally appreciated the delivery in time for Christmas! (whispering) Perhaps printing quality in the Spain printing company is not as good as in the US, but - hey! - I got it before Christmas as a gift for my thank-God-non-Gen-Z-sister! ;) hugs from the eighties, and from Italy, and thanks! Mario
This is SO cool. Morning coffee will always memorialize my new addition to the English lexicon.

Too inappropriate
Item came at appropriate time in good condition.
epic
Got exactly what I wanted. Very happy with my mug.
It came faster than I thought it would and it looks great!
i am literally shitting literal bricks please help my asshole is on fire
Looked great, came earlier than expected, and in perfect condition!
It came faster than I thought it would and it looks great!
Ur momgay Very cool it is. mmmmmh very much I like.
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