CFA Practice Question

There are 923 practice questions for this topic.

CFA Practice Question

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.

A. trough
B. expansion
C. peak
Correct Answer: B

This usually happens in early expansion. In late expansion, businesses begins full-time rehiring as overtime hours rise.

User Contributed Comments 1

User Comment
lordcomas Thus in early expansion or late trough.
You need to log in first to add your comment.