Depression

(redirected from the Depression)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.
Related to the Depression: The Dust Bowl, the Great 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 ?
Swet's discussion of the culture of local radicalism explores the political options available to Kiez inhabitants during the Depression.
Critical Thinking: First, tell students that the 25 percent unemployment rate of the Depression was six times higher than today's 4.
Interpersonal therapists focus on the patient's disturbed personal relationships that both cause and exacerbate (or increase) the depression.
Sinai School of Medicine in New York City, agreed that people with the depression shouldn't wait for it to go away.
Faced with poverty and economic insecurity from childhood on, these women drew and expanded upon familiar strategies to manage during the Depression years.
Concurrent validity of the Depression Adjective Check List in a normal population.
Also, the majority of our participants, since they had had the condition for a number of years, probably had passed through the depression stage of the grieving process.
Released by the Depression and Bipolar Support Alliance (DBSA), The State of Depression in America is a first-of-its-kind, comprehensive analysis on depression.
If the depression is severe, treatment is usually begun with a conventional antidepressant in combination with lithium.
Some investigators maintain that the depression gender gap reflects women's greater ease in talking about emotional distress and contacting mental health workers.
The research presented was conducted at the Depression Clinical and Research Program at Massachusetts General Hospital and Harvard Medical School.
Anxiety apparently does not cause the migraines, and the migraines do not cause the depression, the researchers point out.

Full browser ?