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 ?
Nonsupport scale, and after that Edinburgh Postnatal Depression Scale was administered.
Doctor Mikhail also points out that paternal postnatal depression is significantly more prevalent when the mother is also depressed.
Participants were recruited from two major public maternity hospitals in suburban Melbourne as part of the Victorian component of the beyondblue National Postnatal Depression Program (2001-2005).
Dr Daley said women suffering postnatal depression had problems bonding with their babies and the illness had a "massive impact" on the child and the wider family.
A controlled study of the onset, duration and prevalence of postnatal depression. Br J Psychiatry 1993; 163:27-31.
Of the participants who did identify a problem, they were significantly more likely to diagnose postnatal depression in the female case study than the male case study.
The couple were left helpless when Michelle suffered from severe postnatal depression after the birth of her son, Ethan.
It found that although shorter breastfeeding duration increased the risk of postnatal depression, it was actually the reason for stopping that predicted a higher postnatal depression score.
The diagnosis of Postnatal depression (PND) is given to women who present with a range of symptoms including sadness, fatigue and feeling unable to look after their babies and it affects approximately 14.5% of mothers in developed countries (Scope, 2012), although it is thought that the problem may be underreported (4Children, 2011).
Spotting the Signs of Postnatal Depression FOR many women, the birth of a baby is one of the happiest periods in life but this is not always the case.
ASK THE EXPERT SEEK SUPPORT FOR DADS WITH POSTNATAL DEPRESSION QMY husband has postnatal depression, following the birth of our daughter.