Depression
The starving children, pointless wars and general insanity of it all demands depression in all but the insane.
Depression by Moonrunner47 February 6, 2019
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depression
being stuck in the middle of a huge room filled with well-lit doors, yet lacking the motivation to run and open one.
depression by beholdbojangles February 19, 2004
Related Words
depression
*noun*; prolonged economic crisis characterized by drastic (i.e., >20%) decline in output, reduction in employment, and deflation. Other technical conditions include a liquidity trap and "permanent" (i.e., persisting in many sectors for several quarters) failure to reach equilibrium.
Usually the word "depression" (when referring to economics) is used to refer to the Great Depression, although in fact there were eight incidents of a global depression between 1815 and 1922. These were
--- 1815-21
--- 1832-33
--- 1837-44
--- 1854-57
--- 1867-68
--- 1876-79
--- 1893-96
--- 1920-22
In addition, there have been many localized depressions, panics (e.g., the 1907 Panic {USA}, followed by the Mexican Depression of 1908), and recessions.
DIFFERENCE BETWEEN RECESSION & DEPRESSION
The technical distinction between a recession and depression can vary, although economists usually agree on which is which. In Keynesian economics, a depression is defined by the existence of a flat liquidity-money (LM) curve (which means that interest rates have no influence on people's determination to hold their wealth as cash); and/or a nearly vertical investment-savings (IS) curve (which means interest rates have no influence on the willingness of entrepreneurs to expand/continue operations).
In contrast, a recession is a much less drastic event. Interest rates still have influence on investment and liquidity, and there is no deflation. Conventional fiscal policy and monetary policy, combined and in moderate doses, can restore full employment.
Neoclassical economics/New Classical economics defines a recession as a shift in people's income/leisure preferences as the result of a technology shock. The technology shock sharply reduces the returns to labor, so workers are paid less and many withdraw their labor from the market. In a depression, the technology shocks are compounded and cause a permanent change in the production function; large numbers of enterprise are no longer viable.
More generally, a recession involves the downward phase of a routine business cycle; these typically occur every three-seven years. A depression represents a partial collapse of the industrial system, and a comprehensive collapse of the financial system.
Usually the word "depression" (when referring to economics) is used to refer to the Great Depression, although in fact there were eight incidents of a global depression between 1815 and 1922. These were
--- 1815-21
--- 1832-33
--- 1837-44
--- 1854-57
--- 1867-68
--- 1876-79
--- 1893-96
--- 1920-22
In addition, there have been many localized depressions, panics (e.g., the 1907 Panic {USA}, followed by the Mexican Depression of 1908), and recessions.
DIFFERENCE BETWEEN RECESSION & DEPRESSION
The technical distinction between a recession and depression can vary, although economists usually agree on which is which. In Keynesian economics, a depression is defined by the existence of a flat liquidity-money (LM) curve (which means that interest rates have no influence on people's determination to hold their wealth as cash); and/or a nearly vertical investment-savings (IS) curve (which means interest rates have no influence on the willingness of entrepreneurs to expand/continue operations).
In contrast, a recession is a much less drastic event. Interest rates still have influence on investment and liquidity, and there is no deflation. Conventional fiscal policy and monetary policy, combined and in moderate doses, can restore full employment.
Neoclassical economics/New Classical economics defines a recession as a shift in people's income/leisure preferences as the result of a technology shock. The technology shock sharply reduces the returns to labor, so workers are paid less and many withdraw their labor from the market. In a depression, the technology shocks are compounded and cause a permanent change in the production function; large numbers of enterprise are no longer viable.
More generally, a recession involves the downward phase of a routine business cycle; these typically occur every three-seven years. A depression represents a partial collapse of the industrial system, and a comprehensive collapse of the financial system.
From 1929 to 1933 the U.S. price level fell 25 percent. Many economists blame this deflation for the severity of the Great Depression. They argue that the deflation may have turned what in 1931 was a typical economic downturn into an unprecedented *sic* period of high unemployment and depressed income.
N. Gregory Mankiw, William M. Scarth, *Macroeconomics: Canadian Edition*, 2nd ed. (2003) p.318
N. Gregory Mankiw, William M. Scarth, *Macroeconomics: Canadian Edition*, 2nd ed. (2003) p.318
depression by Abu Yahya March 7, 2009
Depression
Everyone around you is breathing so easily, and you sit alone gasping for air. No one bothers to check if you need help because why would you? why would anyone need help with all this air? And you keep on choking and gasping watching everyone breathing easily.
person1:Do you think there is something wrong with her? like depression maybe?
person 2:Why would there be? Life is so good!
person 2:Why would there be? Life is so good!
Depression by malkele August 22, 2014
Depression
A very serious mental illness/disorder. That is hard to get through but many people can do it. You just have to keep going. You can be having the best time of your life, and it will still be there. The guilt, the anxiety, the hate, the disgust. It is horrible and absolute hell to go through. I suffer from depression and I have for years. I have been diagnosed aswell. But they're is still people who dont believe or who use the word depression like it's just sadness. It's not a feeling!
Depression by Non binary rat ●W● October 29, 2019
depression
You cant really explain depression....its different for all of us....is lyk a state of utter despair and sadness. A void that covers you in despair. Depression affects the way you think....its like being isolated inside yourself... you cant get out until its too late.
depression by Darkbishoujo August 25, 2005
depression
depression is a mental disorder that can effect anyone no matter the gender, race, social status or age. depression is the opposite of being afraid of dying. most depression victims don't want to live, not to be cool(which is really f cking stupid bc if you had depression you wouldn't want people acting like they have something extremely serious), but bc depression is such a severe disorder that it makes you feel like you're worthless, or should not have been put on this earth. it includes getting sad after laughing or being happy, can lead to self harm such as cutting, and can sometimes lead to insomnia. depression is NOTHING to joke about. imagine waking up every day and telling yourself you're not worth anything and awaiting the day you finally get taken from this life. if you know someone with depression, try to help them out as much as you can, but also give them some space bc if you had a mental illness, you wouldn't want ten thousand questions. but also don't be an a hole about it either.
a hole 1: hey I have an idea, why don't you just stop having depression?
a hole 2: yeah like just stop being sad
person with depression: it's a f cking illness I CANT DO ANYTHING ABOUT IT
a hole 2: yeah like just stop being sad
person with depression: it's a f cking illness I CANT DO ANYTHING ABOUT IT
depression by disloyalpete July 1, 2016