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 ?
The physiological mechanisms involved in the onset of post-stroke depression haven't been fully elucidated yet.
Changjuan W, Fang Zhang L, Xiaofeng M, Nan Z, Junwei H, Factors associated with post-stroke depression and fatigue: lesion location and coping styles, Neurol, 263:269-276, 2016.
Serotonin receptor 2C gene polymorphism associated with post-stroke depression in Chinese patients.
Associations of cytokine gene polymorphisms with post-stroke depression.
A Stroke QUERI project, "Implementing Evidence in the Detection and Treatment of Post-stroke Depression," is in the planning phase.
First, researchers will identify how clinicians are detecting and treating post-stroke depression.
The relationship between post-stroke depression and recovery of function after a stroke has not been well understood.
Since treating depression helps improve function, occupational therapists should screen for post-stroke depression and, in conjunction with other members of the patient's health care team, help manage depression.
Complicating the rehabilitation from stroke, studies indicate that post-stroke depression (PSD) may affect up to one third of stroke survivors (Creutzfeldt et al.
It also has been shown to speed recovery from post-stroke depression so that patients can participate more fully in rehabilitation programs.
In women, rates of post-stroke depression ranged from about 6 percent to 78 percent, while in men depression rates ranged from 4.

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