Ge5neLater0flyl
Answered

What was the short-term effect of the introduction of installment plans on the U.S. economy?

AUnemployment rose as fewer new products needed to be made.

BWages declined as businesses had less money to pay workers.

CThe economy grew rapidly as consumers spent more and more money.

DConsumer goods sales fell as people paid off things they already had.

Verified Answer :

taskmasters

The short-term effect of the introduction of installment plans on the U.S. economy is that the economy grew rapidly as consumers spent more and more money. The correct option among all the options that are given in the question is the third option or option "C". I hope the answer helps you.

vanessaveverett

C. The economy grew rapidly as consumers spent more and more money.