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 ?
68%) non-vulnerable cases that did not have any indication of major depression through screening.
For example, they found that both bereavement and major depression are especially prevalent in young people who have past individual or familial histories of depression, poor social support systems, and poor physical health.
Major Finding: Compared with people who have acute major depression, people with dysthymic disorder were more likely to receive Social Security disability (5% vs.
Although some emerging agents will gain share, drug developers will continue to face significant obstacles in the major depression market.
Major depression consists of recurrent bouts of helplessness, hopelessness, and depressed mood.
More severe Bipolar Disorder II involves at least one episode of hypermania as well as an episode of major depression.
In an essay written by Sigmund Freud in 1917, Freud explained melancholia, or major depression, as a response to loss--either real loss, such as the death of a loved one, or symbolic loss, such as the failure to achieve an important goal.
In a recent US study of the mental health of homosexuals, it was found that gay/bisexual men had a more than three-fold increased risk of major depression and a five-fold increased risk of panic disorder.
Sufferers of major depression tend to have all or most of the following symptoms and may even experience chronic physical symptoms such as headaches, stomachaches, and muscle tension.
Among women who had experienced an episode of major depression prior to taking the pill, a significantly larger proportion reported that premenstrual moods worsened with pill use than reported they improved (25% vs.
OTTAWA -- As many Canadians suffer from major depression as from other leading chronic health conditions, such as heart disease, diabetes or a thyroid problem, says a report recently released from the Canadian Community Health Survey.
adults will have major depression in their lives and about 13 million Americans had an episode of major depression in the last year.

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