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 ?
As previously emphasized, depressive syndromes have long been related to the experience of unresolvable (occupational) stress and understood within the framework of the interaction between the individual and his/her social environment.
Subjects were classified as having depressive syndrome if they met all the criteria for major depressive disorder, except that the depression could have been caused by alcohol or other drug use or another illness.
Case 2: a 72-year-old man with a depressive syndrome for over 2 years was admitted with a decrease in the level of consciousness.
The depressive syndrome in patients with HIV typically does not precede the diagnosis of HIV.
These symptoms are characteristic of depressive syndrome but are rare in dementias such as Alzheimer's disease, he said.
In multivariate analyses, higher body mass index and current receipt of depression treatment significantly increased the risk of having any depressive syndrome, but this risk was not increased within any category of glucose tolerance.
2] However, despite its high prevalence, primary care physicians fail to diagnose major depressive syndrome in their patients up to 50% of the time.
3] The authors emphasize the need to give strong consideration to depression in the differential diagnosis of chronic headache; they also point out that some headache treatments may mask or aggravate the depressive syndrome.
Sleep disorders, hallucinations and depressive syndromes are common.
His works can be considered one of the main representatives of the idea that the depressive syndromes associated with stroke may not be "true" depressions, but a completely different category from Major Depressive Disorder (MDD) that would be associated with the patients' adjustment to changes in their living conditions (14).
Depressive syndromes are among the most common causes of ill health, premature death, loss of productivity and capacity for work.
For example, Paula Clayton and colleagues published a series of studies in the 1970s documenting the high prevalence of major depressive syndromes occurring during bereavement.