Depression

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Depression

Period when excess aggregate supply overwhelms aggregate demand, resulting in falling prices, unemployment problems, and economic contraction.

Depression

A particularly long and/or deep recession. While there is no technical definition of a depression, conventionally it is defined as a period featuring severe declines in productivity and investment and particularly high unemployment. During the Great Depression, for example, GDP in the United States dropped 12% between 1929 and 1930 and a further 16% the following year. Likewise, unemployment rose to more than 25% nationwide and higher in some places.

Depression.

A depression is a severe and prolonged downturn in the economy. Prices fall, reducing purchasing power. There tends to be high unemployment, lower productivity, shrinking wages, and general economic pessimism.

Since the Great Depression following the stock market crash of 1929, the governments and central banks of industrialized countries have carefully monitored their economies. They adjust their economic policies to try to prevent another financial crisis of this magnitude.

depression

see BUSINESS CYCLE.

depression

a phase of the BUSINESS CYCLE characterized by a severe decline (slump) in the level of economic activity (ACTUAL GROSS NATIONAL PRODUCT). Real output and INVESTMENT are at very low levels and there is a high rate of UNEMPLOYMENT. A depression is caused mainly by a fall in AGGREGATE DEMAND and can be reversed provided that the authorities evoke expansionary FISCAL POLICY and MONETARY POLICY. See DEFLATIONARY GAP, DEMAND MANAGEMENT.
References in periodicals archive ?
The study, which is to be published in the Journal of Biolagical Psychiatry, tested a chromium picolinate-based supplement as a proprietary nutrition therapy for atypical depression.
Patients requiring referral to a psychiatrist include those with suicidal ideation or severe depression, aggressive ideation, bipolar disorder, atypical depression, psychotic depression, substance abuse, or treatment resistance.
Carbohydrate cravings, weight gain and unexplained fatigue are hallmark symptoms of atypical depression, a common, but frequently undiagnosed, depressive disorder estimated to affect as many as one-third of depressed patients.
Concerns about side effects--primarily hypertensive crisis--and dietary restrictions have lead many clinicians to curtail their use of MAOls, but increased knowledge of these drugs can help psychiatrists reconsider this treatment option, particularly for patients with atypical depression.
Chromium picolinate appears to be effective for improving the symptoms of atypical depression, said Dr.
In addition, MAOIs have been shown to have superior efficacy compared with the TCAs in patients with atypical depression,[63-66] a condition that is characterized by prominent anxiety symptoms.
Forty clinical trials demonstrate the safety and efficacy of Chromax for insulin resistance associated with diabetes, obesity, cardiovascular disease and atypical depression.
Those patients could benefit from using monoamine oxidase (MAO) inhibitors, since those drugs are most effective in atypical depression or hysteroid dysphoria, which often occurs with irritability, sensitivity to rejection, loneliness, anger, and eating and sleeping too much.
A large and growing body of scientific data suggests that chromium picolinate may help lower some risk factors for diseases associated with insulin resistance, such as obesity, cardiovascular disease, type 2 diabetes, Polycystic Ovarian Syndrome (PCOS) and even atypical depression.

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