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Basic Question 1 of 13
When an economy goes into a contraction, businesses usually do the following in sequence: I. eliminate over time
II. layoff
III. free hiring
A. I, II and III
B. I, III, and II
C. II, III and I
User Contributed Comments 1
| User | Comment |
|---|---|
| davislens | what's "Free hiring" ? |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe how resourceuse, consumer and business activity, housing sector activity, and external trade sector activity vary over the business cycle and describe their measurement using economic indicators
CFA® 2025 Level I Curriculum, Volume 1, Module 2.