Depression

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Related to Winter depression: Winter Blues, Seasonal depression

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 ?
Patients' Experience of Winter Depression. The analysis of patients' experience of seasonal affective disorder resulted in one main theme, "struggling to adapt to the inevitable," three categories, and 19 subcategories (Table 2).
Morning vs evening light treatment of patients with winter depression. Arch Gen Psychiatry.
Just taking an inexpensive supplement and changing your exposure to light can lift your winter depression. There's no need to be SAD.
* Winter depression. Also known as seasonal affective disorder, it responds to all antidepressant drugs as well as most other forms of depression.
Chronobiologic Sleep and Mood Disorders Phase-Advance Type Phase-Delay Type Symptoms * Advanced sleep-phase * Delayed sleep-phase syndrome syndrome * Adaptation to night * Readaptation from night work work * East-to-west jet lag * West-to-east jet lag * Winter depression Treatment Morning: melatonin Morning: bright light Evening: bright light Afternoon: melatonin Source: Dr.
"Onset of Winter Depression Earlier than Generally Thought?" Journal of Clinical Psychiatry, June 1990, 51(6), p.
The consequence, the authors contend, is winter depression and many attendant discomforts.
SAD is sometimes known as winter depression because the symptoms tend to be more severe during the colder months.
Winter depression, known as Seasonal Affective Disorder (SAD) - is believed to affect up to one in 15 British people every year between September and April, with more suffering from a milder form of the condition, called the winter blues.
Seasonal Affective Disorder - also known as winter depression - affects about 2million people in the UK, but it's not just the short, dark days that are making us miserable.
SAD (seasonal affective disorder) or winter depression is linked to a lack of sunlight during winter.