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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 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
Learning Outcome Statements
describe the business cycle and its phases
CFA® 2025 Level I Curriculum, Volume 1, Module 2.