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Basic Question 3 of 6
Layoffs are slow, but new hiring has not yet occurred and the unemployment rate remains high. At first, business turns to overtime and temporary employees to meet rising product demands. This is a characteristic of the ______ phase.
B. expansion
C. peak
A. trough
B. expansion
C. peak
User Contributed Comments 1
| User | Comment |
|---|---|
| lordcomas | Thus in early expansion or late trough. |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
describe the business cycle and its phases
CFA® 2024 Level I Curriculum, Volume 1, Module 2.