Question

During the 1920s, how did new consumer products and advertising impact the economy?(1 point)ResponsesThe economy declined because consumers did not have enough money for new products.The economy declined because consumers did not have enough money for new products.The economy blossomed as consumers had newfound wealth and credit to buy new products.The economy blossomed as consumers had newfound wealth and credit to buy new products.The economy declined as the price of goods skyrocketed beyond the reach of average Americans.The economy declined as the price of goods skyrocketed beyond the reach of average Americans.The economy did not grow because only the very rich could afford the new consumer products.

Answer 1

The economy blossomed as consumers had newfound wealth and credit to buy new products.

Explanation: Widespread advertising and installment/credit purchases increased consumer demand for cars, radios, appliances, etc., fueling economic growth in the 1920s.