- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 2. Understanding Business Cycles
- Subject 3. Economic Indicators over the Business Cycle
CFA Practice Question
Average duration of unemployment is a ______ economic indicator.
B. coincident
C. lagging
A. leading
B. coincident
C. lagging
Correct Answer: C
Businesses usually wait to lay off people or hire new employees.
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