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Basic Question 3 of 6
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.
B. expansion
C. peak
A. trough
B. expansion
C. peak
User Contributed Comments 1
| User | Comment |
|---|---|
| lordcomas | Thus in early expansion or late trough. |
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Edward Liu
Learning Outcome Statements
describe the business cycle and its phases
CFA® 2025 Level I Curriculum, Volume 1, Module 2.