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 ?
In summary, neonatal CLI treatment, which is a model of endogenous depression, induces a faster recovery from cSNC in adulthood (an animal model of frustration).
This study will be beneficial to patients of endogenous depression who are not responding to anti depressant drugs.
Procedure- and age-dependent hyperactivity in a new animal model of endogenous depression.
The range of clients, problems, and settings at the beginning of the 1980s became more limited, often restricted to adults with severe endogenous depression.
Similarly, an initial bout of endogenous depression may somehow lessen substantially the amount of stress needed to produce a recurrence, Weissman suggests.
Predicting the outcome of endogenous depression following electroconvulsive therapy.
For example, Haack and Kick[6] in Germany noted that 46% of patients (n = 148) referred for purely neurologic assessment of headache were found to have an endogenous depression.
67% TABLE--10: Etiology of suicide among the subjects Etiology Male Female Dowry deaths including torture by in law's 0 115 Marital disharmony 20 40 Financial trouble including unemployment 17 6 Endogenous depression and other psychiatric illness 17 26 Betrayal in love affairs 5 6 Illicit relation of spouse 3 10 Failure in examinations 5 14 Distressing physical illness 15 4 Neglect by family members 15 23 Broken family 1 0 Others 8 8 Total 106 252 Table--11: Mode of death of the study subjects Mode Male Female Total % Poisoning 66 72 38.

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