- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics (1)
- Reading 15. Understanding Business Cycles
- Subject 1. The Business Cycle and its Phases
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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