Question

3. How do economists differentiate between a recession and a depression?​

Answer 1

A depression lasts Longer than a recession

Step-by-step explanation:

Recession is when the economy experiences a decline in economic growth for two or more successive quarters. The decline in growth leads to negative growth. Recession usually lasts six to 18 months.

Depression is a prolonged state of a recession. A depression will last from 2 years to decades. Its effects are far much severe. They include a high level of unemployment.