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Basic Question 1 of 13

When an economy goes into a contraction, businesses usually do the following in sequence:

I. eliminate over time
II. layoff
III. free hiring

A. I, II and III
B. I, III, and II
C. II, III and I

User Contributed Comments 1

User Comment
davislens what's "Free hiring" ?
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Thanks again for your wonderful site ... it definitely made the difference.
Craig Baugh

Craig Baugh

Learning Outcome Statements

describe how resourceuse, consumer and business activity, housing sector activity, and external trade sector activity vary over the business cycle and describe their measurement using economic indicators

CFA® 2024 Level I Curriculum, Volume 1, Module 2.