Depression

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Related to Winter depression: Winter Blues, Seasonal depression

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 ?
Chronobiologic Sleep and Mood Disorders Disorders Phase-Advance Type Phase-Delay Type Symptoms * Advanced sleep phase * Delayed sleep phase syndrome syndrome * Adaptation to night work * Readaptation from night work * East-to-west jet lag * West-to-east jet lag * Winter depression Treatment Morning: melatonin Morning: bright light Regimen Evening: bright light Afternoon: melatonin Source: Dr.
And cases of the winter depression - triggered in October - are on the increase with women at greater risk of the disorder, according to experts.
The condition of SAD (Seasonal Affective Disorder) is defined as a type of winter depression that affects an estimated half a million people every winter between September and April.
Recent experiments have shown winter depression was significantly reduced among people who took daily doses of vitamin D, making it a good solution to post-Christmas come-down.
The spokesman did say, however, that Briggs, 69, had to spend a lot of time off the show because he suffers from Seasonal Affective Disorder - a winter depression brought on by lack of sunlight.
A specific shift of the body's daily pacemaker, akin to one that regulates seasonal behavior in many mammals, underlies recurring winter depression, contend psychiatrist Thomas A.
Julian Joachim finally shed his super-sub image at the Stadium of Light last night as Aston Villa clawed their way to a hard-earned point which went a long way to dispelling their winter depression.
Doctors have long thought that light therapy helps people with winter depression because it makes up for light lost during shorter winter days.
You could also be suffering from seasonal affective disorder, known as SAD, a type of winter depression that affects people most during December, January and February.
experience winter depression or Seasonal Affective Disorder (SAD).
AIT has been estimated that up to half of the UK population experience mild symptoms of winter depression, Kate.