How did increased consumer confidence lead to a growing economy? it encouraged spending. it encouraged bank runs. it discouraged consumerism. it discouraged the use of credit.

The correct answer A) It encouraged spending.

Increased consumer confidence leads to a growing economy because it encouraged spending.

When the consumer is confident about the market, the economic conditions improve because the consumer is willing and able to purchase goods and services. The consumer thinks the market conditions are appropriate to get what they need and want. This means that increased consumer confidence leads to a growing economy because it encouraged spending. Better prices, Banks giving credits, money is circulating and the economy grows.

c, to compete