boom

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Boom

A period of rapid, strong economic and/or stock growth. For example, some developing countries post GDP growth of 10-12% per year, especially after they have liberalized their economic policies. Likewise, some stocks may become suddenly very popular, resulting in a boom. The dot-com bubble is one of the most famous examples of a stock boom. The problem with booms is that the growth is rarely sustainable, as investors become more and more speculative and take needless risks. Thus, most booms ultimately result in busts. Many economists believe the boom-and-bust cycle is an inevitable part of doing business, while others believe that government regulation can limit both booms and busts.

boom

see BUSINESS CYCLE.

boom

a phase of the BUSINESS CYCLE characterized by FULL EMPLOYMENT levels of output (ACTUAL GROSS NATIONAL PRODUCT) and some upward pressure on the general PRICE LEVEL (see INFLATIONARY GAP). Boom conditions are dependent on there being a high level of AGGREGATE DEMAND, which may come about autonomously or be induced by expansionary FISCAL POLICY and MONETARY POLICY. See DEMAND MANAGEMENT.
References in periodicals archive ?
Solo female vocal was very natural and had great presence, but a jazz cut was ruined by bass that was boomy and poorly defined.
Of course, I auditioned the usual suspects--full-range electrostatics, a boatload of floor-standing behemoths, speakers made of Mylar and Kelvar and polyester and such; but I found them mostly too bright or too soft or too hard or too boomy or too disjointed or too whatever.
Baritone Marcus Farnsworth could have shaded his delivery more in the Great Hall's boomy acoustic, and James Baillieu despatched the surprisingly big piano accompaniments of Gurney's songs with unassuming aplomb.
cried the man with the big, boomy voice, as the next stage of The X Factor approached, a reaction exactly like my own - only without the despair.
The humour of this opera lies in its tounge-twisting dialogue, both said and sung, and the boomy acoustic (albeit in a beautiful setting) was giving them no help.
The show isn't one of Edge's more imaginative productions, and the narrator sounds a little too scripted and boomy at times.
That's despite surprisingly boomy signs that include record new home sales - at annual rates of 1.
A bakery, wine bar, organic clothing store, and spa are all worthy indulgences, but you've got to see the beach first: seven wide-open miles of sand, big boomy waves, and poetry-worthy sunsets.
Human voice, male and female, was rendered with startling realism and transparency--baritones were never boomy or chesty, yet the full power of their voices made for realistic ensemble, chorale, and especially operatic reproduction.
They don't have that boomy sound you get from dreadnaughts," the most common size for acoustic guitar bodies.
Sally Pinkas plays here with a winning combination of sturdy confidence and sweet sensitivity, and the production quality is outstanding--the recording was made at the New England Conservatory's Jordan Hall, a large and ech oey space that is very effectively tamed to accommodate the intimate scale of these pieces, and the resulting sound is warm anti rich without being wet or boomy.