- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 2. Understanding Business Cycles
- Subject 1. Overview of the Business Cycle
CFA Practice Question
When the economic revival begins, companies will tend to ______
A. start hiring new workers right away.
B. hire overtime or temporary employees.
C. start cutting hours and freeze hiring.
Explanation: They will wait for the expansion to give clear signs of life, as hiring new workers is an expensive process.
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