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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 passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe the business cycle and its phases
CFA® 2026 Level I Curriculum, Volume 1, Module 2.