Around the year 2000, there was a ______ in _______.
A) boom and bust; tech stocks
B) boom and bust; housing prices
C) speculative bubble; crayons
D) speculative bubble; oysters

Question

Quizplus · Accepted Answer

The phrase "boom and bust" refers to an economic cycle characterized by a period of rapid growth (boom) followed by a period of decline (bust), often resulting in a crash. This is exactly what happened with tech stocks around the year 2000, as many investors bought into the hype and invested heavily in tech companies that ultimately proved to be overvalued. This led to a stock market crash and a subsequent recession. Option B is also a possible answer, as there was a housing bubble and subsequent crash in the mid-2000s, but this happened a few years after the year 2000. Options C and D are not correct, as there is no evidence of a speculative bubble in crayons or oysters around the year 2000.

Around the Year 2000, There Was a ______ in _______

Around the Year 2000, There Was a in _