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ATLANTIC CITY, N.J. (WPVI) --. Officials say sonic booms heard and felt along the coast from New Jersey to Connecticut were caused by military fighter jets conducting tests. A Navy spokeswoman says an F-35C and F-18 from Naval Air Station Patuxent River, Maryland, were conducting supersonic testing off the coast Thursday afternoon.
It is sometimes held, that innovations cause the ups and downs of the business cycle. The most prominent defender of that view was probably Joseph Schumpeter. He stated that booms are due to technological or other innovations whose implementations at first seem to promise high profits.