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 ?
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.
His low-key voice echoing gently around the baroque, boomy rotunda, Rapoport talked hopefully about building a solid progressive caucus in the state legislature, reforming the state's locked-up machine politics and energizing a grassroots base.
In my view, the consumers and businesspeople are right: this will not be the boomy kind of recovery we saw after the last recession or after most postwar recessions.
Add poorly-placed speakers to the mix, and you end up with significant distortion in music frequency (known as response peaks), making music boomy in the bass or shrill in the upper frequencies, causing ear fatigue and irritation.
The 50mm drivers on the Pebbles churn out boomy bass, good enough to fill up a small room for a party but nothing exceptional.
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.
0-litre diesel was quite boomy inside, this 109bhp engine certainly did its pulling job well, with 0-62mph coming in a pretty acceptable 11.
Although the two-litre diesel was quite boomy inside, this 109bhp engine did its pulling job well, with 0-62mph coming in 11.
We realized early on that our studio was really boomy and, oh, my God, did we hear it from our fans, to the point that we had to redo the studio and put soundproof insulation in.
His aversion to the phrase probably derives from its conjuring up images of overzealous 1950s science fiction or big, boomy voices reading A Christmas Carol over fuzzy background music.
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.