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 ?
Behcet hastalarinda hem immun sistemdeki varolan degisiklikler hem de paterji reaksiyonu nedeniyle PPD testine yanitin saglikli bireylerden daha farkli alinabilecegini, bu farkliligin da immunsupresif tedavi planlanacak hastalarda onemli olabilecegini dusunduk.
PPD is a global contract research organization providing drug discovery, development and lifecycle management services for 25 years.
If there ever is a national mandate to screen for PPD, then it is critical to demonstrate that we have a treatment model in place that not only identifies patients who suffer from the illness, but that such a system includes delivery of effective treatment.
Known risk factors for PPD include prior experiences with major depression, other mental illnesses, PPD, or antenatal depression; complications or dissatisfaction with labor and delivery; and other concurrent significant life stressors such as divorce, loss, illness, or major transitions (O'Hara & Swain, 1996; Robertson et al.
With the rise in popularity of body art and temporary tattoos, PPD reactions could become more common.
With a corporate mission to help clients maximize the return on their massive R&D investments, PPD provides innovative technologies, therapeutic expertise and comprehensive services for drug discovery and preclinical programs, Phase I-IV clinical development and post-market support.
With offices in 46 countries and more than 12,000 professionals worldwide, PPD applies innovative technologies, therapeutic expertise and a commitment to quality to help clients and partners accelerate the delivery of safe and effective therapeutics and maximize the returns on their R&D investments.
The PPD partner countries are from Asia, North Africa, Sub-Saharan Africa, Latin America and the Caribbean.
a leading global contract research organization (CRO), announced that PPD has implemented Oracle(R) Remote Data Capture (RDC) Onsite 4.
In addition to directing clinical operations in Southeast Asia, he will play a significant role in business development, interfacing with key customers and identifying new expansion opportunities for PPD in Asia.
FACTS provides a range of options for replicating both simple and complex designs, and it enables PPD to run clinical trial simulations on certain characteristics of competing designs, enhancing the company's ability to deliver time- and cost-savings for clients.
India is the Chairman of PPD under the Union Minister of Health and Family Welfare Ghulam Nabi Azad, while China is the Co Chair of the organisation.