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 Tee
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ThIs is perfect
Great quality and fast shipping and I just dropped my mug.
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My niece laughed and loves her custom shirt.
Not only was the product exactly what I expected, I was well informed on the shipping process in a seamless and timely manner!
The T-shirt was a birthday gift for my girlfriend and she absolutely loved it.
Happy that this tee is comfy and fits well. I wish the sentence was on the back too.
My wife absolutely loves her new T-shirt.
This looks like a weird design but it looks cool
This T shirt is the best piece of material to have ever graced this Earth. The fine quality fabrics and in depth definition, which is professionally implanted on the back of the shirt, which makes for some very interesting talking points. Thank you Pablo Parmesan.
Absolutely wonderful product! I bought this shirt for my son and he gagged with joy! Mariah Careystmas everyone!
I love it I bought me and my family some
Glad I had utmost FREEDOM OF SPEECH to express in articulate detail what evv it is the fk i was on a rant about that day. I haven't even received my shirt. I just a few moments ago placed the order. That is how pleased 😄 I am. Fk yeah fk yeah. Very empowering experience. My thoughts turned into type, that made some shi# happen. Having freedom of expression was most definitely...one fk ton of fun. A fk ton can be quantified as exuberance an joy beyond expectation. Fk yeah fk yeah. Awesome>>>
Proofread much? She might seem "quite"? Please fix the spelling to "quiet". Can't believe I was considering this purchase...
Damonism T-shirt :+) I found this by accident while surfing through your site. I love this shirt. I bought one and wear it when I feel frisky.
Another hit!
Great shirt, great service. A big thumbs up👍🏻
I always get so many compliments when I wear this (my favorite) shirt. I have been able to give out my phone number to lots of nice old men and my parents think it's great that I have so many nice mentors grooming me into a nice young boy who is willing to "follow the rules ".
Very comfortable and love the tyoeface
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Size Guide
Measurements may vary by up to 2" (5 cm). Pro tip: Measure one of your t-shirts at home and compare!
A - Length
Measure from the top of the collar to the bottom hem
B - Width
Measure across the chest from armpit to armpit
Size Chart
| Size | Length | Width |
|---|---|---|
| XS | 27" | 16½" |
| S | 28" | 18" |
| M | 29" | 20" |
| L | 30" | 22" |
| XL | 31" | 24" |
| 2XL | 32" | 26" |
| 3XL | 33" | 28" |
| Size | Length | Width |
|---|---|---|
| XS | 69 cm | 42 cm |
| S | 71 cm | 46 cm |
| M | 74 cm | 51 cm |
| L | 76 cm | 56 cm |
| XL | 79 cm | 61 cm |
| 2XL | 81 cm | 66 cm |
| 3XL | 84 cm | 71 cm |