Depression


Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.

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 researchers checked clinic records to gather information on these people (like age and race) and to note their scores on a standard depression test.
Key Words: Prevalence, Depression, Depressive illness, Elderly, Pakistan
Keywords: Depression, Mental health, Prevalence, Patient health questionnaire, PHQ-9, Tertiary care.
According to Cox, some common factors that cause depression among gays include lacking a romantic partner, experiencing antigay violence, not identifying as gay, or feeling alienated from the gay population.
Swet's discussion of the culture of local radicalism explores the political options available to Kiez inhabitants during the Depression.
Stanton R Newman, a psychologist at University College London, suggests that the before-and-after depression scores could have another explanation.
The group recommends that professionals who routinely care for people with MS should institute regular screening to identify depression, using tests such as the Beck Depression Inventory.
Depression is a complex disorder that has multiple factors.
Depression has been found to run in families (Rice, Harold, Thapar, November, 2002).
The other lesson of the post-Showa Depression market, however, is that stock prices went into a 10-year consolidation after an initial bounce--from around 1935 to 1945.
In addition, even if a school is able to implement a major depression intervention program, the participating students still spend the vast majority of the time they are at school in classrooms.