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 ?
Chromium picolinate is a real breakthrough in providing safe and simple relief of atypical depression symptoms, many of which currently go untreated.
The specific pharmacotherapy used for patients with atypical depression is more a matter of nuance of--rather than a wholesale departure from--the standard depression algorithm.
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.
These results suggest that the use of chromium picolinate may be beneficial for patients with atypical depression who also have severe carbohydrate craving," said the study's lead investigator, John P.
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.
Less-frequent diagnoses in the arrest group included atypical depression (five subjects), schizophrenia or borderline personality disorder (three subjects each), and schizophreniform disorder, bipolar affective disorder, or major depression (two subjects each).
Recent research suggests that chromium enhances insulin action, which 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 atypical depression.

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