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Basic Question 2 of 6

The contraction phase of the business cycle is characterized by (a) ______ (drop, constant, rise) (in) sales for most businesses, ______ (falling, constant, rising) real GDP, and ______ (decreasing, constant, increasing) unemployment.

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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

Learning Outcome Statements

describe the business cycle and its phases

CFA® 2025 Level I Curriculum, Volume 1, Module 2.