- 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
Inventory-sale ratio tends to be ______ when the economy is in the recovery stage.
A. rising
B. stable
C. falling
Explanation: In this stage sales recovery outpaces production. Inventories are likely to fall. Increasing output takes time.
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