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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 ?
The increment in speed did not influence spray boom stability; however, the type of route has great influence on the vibration-absorbing systems of the spray booms.
CPO Lino Torres, Philippine Coast Guard station commander based in Masinloc town, said the first set of booms was pulled to shore on Saturday morning.
Standard boom, which is designed with abrasion-resistant bars on the top and bottom, and manual chain tension provisions.
In 1895 and 1896, a French science publication, Sky and Earth, printed pages of information on booms heard along the European coastlines.
Examining simple descriptive statistics on the duration and timing of booms and busts yields already ample evidence that not all booms and busts are alike.
Pointing out that absorbent booms can be produced more rapidly than containment booms, which are also being deployed in the Gulf, Ms.
Why should you embark on the Toon Boom Pilot Production Program?
A dual-fuel offering can be equipped on the booms with the four-cylinder Continental TME26 gasoline/LPG engine rated 74 hp.
The experiment consists of NASA F-18 research aircraft flying unique profiles to present sonic booms to an Edwards base house instrumented to measure both pressure and vibration.
dollar has rallied during 2005 because the housing boom is encouraging a large rise in U.
The company said that in February 2005 one of 12 fixed-stand deicing booms sold by Global collapsed while in operation at the Philadelphia airport.