Depression

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Related to Major depression: bipolar disorder

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 ?
Participants with major depression experienced an average of 22.1 war traumas compared with 17.9 for those without this diagnosis [[tau](122) =-3.62, p[less than].001].
Independent of other predictors, parental major depression and proband mania predicted major depression in girls with ADHD, Dr.
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A physician who misdiagnoses bipolar disorder as major depression could inadvertently trigger a manic episode by prescribing an antidepressant without a safeguard mood stabilizing drug.
About a third (30%) of subjects scored 10 or more on the PHQ-9, which indicated moderate to major depression; 15% were considered to have major depression, and 18% minor depression.
Four percent of women reported major depression, compared with 2.7% of men.
In a group the same size with eating disorders, major depression, or bipolar disorder, the researchers would expect to see fewer than the two completed suicides that they report among their BDD patients.
Women beginning menopause are more likely to develop new-onset major depression than are women the same age who are not yet making the transition to menopause, reported Dr.
SAN FRANCISCO -- Results of two small imaging studies of brain structure and function in children with major depression support the concept of a biologic basis for depression, Dr.
BALTIMORE -- Intermittent treatment with fluoxetine each month can greatly ease a woman's premenstrual dysphoric disorder--but can mean undertreatment if she has major depression.
Two serious types of clinical depression are major depression and bipolar disorder.
Antidepressant use prevalence among women with major depression and minor depression were 32.4 and 20.0 percent, respectively.

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