See Also: macadam(encyclopedia)
macadam(dictionary)
macadam(dictionary)
Tight money or dear money(finance)
On the money(finance)
New Money(money)
Money(medicine)
big money(dictionary)
On the money(money)
e-money(dictionary)

Depression (money) and macadam (oh)


Depression (money)


Definition: Period during which business activity severely declines.

Definition: [crh] Period when excess aggregate supply overwhelms aggregate demand, resulting in falling prices, unemployment problems, and economic contraction.







macadam (oh)



[Date: 1800-1900; Origin: John Loudon Macadam (1756-1836), Scottish engineer who invented it]
a road surface made of a mixture of broken stones and tar or asphalt
British Equivalent: tarmac