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Basic Question 0 of 27

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
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User Contributed Comments 1

User Comment
davislens what's "Free hiring" ?
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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu

Colin Sampaleanu

Learning Outcome Statements

calculate and interpret the present value(PV) of fixed-income and equity instruments based on expected future cash flows

calculate and interpret the implied return of fixed-income instruments and required return and implied growth of equity instruments given the present value (PV) and cash flows

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