Question

A boom is:

A. a particularly strong and protracted expansion.

B. a particularly severe and protracted recession.

C. the high point of economic activity prior to a downturn.

D. a period in which the economy is growing at a rate significantly below normal.

Answer 1

A boom is the high point of economic activity prior to a downturn. It is characterized by a particularly strong and protracted expansion in the economy.

Step-by-step explanation:

A boom is the high point of economic activity prior to a downturn. It indicates a particularly strong and protracted expansion in the economy. This period is characterized by increased production, employment, and overall economic growth. An example of a boom is the economic expansion that took place in the United States during the 1990s, known as the dot-com boom, where there was a rapid growth in the technology sector.