Topics
Economic Boom
An economic boom is an often shirt-lived period of rapid growth of real GDP resulting in lower unemployment, accelerating inflation rate and rising asset prices. A boom occurs when real GDP is expanding much faster than the estimated trend rate of growth and this can lead macroeconomic overheating. Booms usually result in a positive output gap and rising demand-pull and cost-push inflationary pressures.
See also
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2.1.2 Causes of Inflation (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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2.5.3 Economic Booms (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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2.4.3 The Output Gap (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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4.2.3.1 Economic (Business) Cycles (AQA A Level Economics Teaching Powerpoint)
Teaching PowerPoints
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What was a NINJA loan?
Study Notes
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What is demand-pull inflation?
Study Notes
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Economic Cycles - Economic Booms
Topic Videos
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Key Diagrams - The Output Gap
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Economic Cycles - Economic Recovery
Topic Videos