If an economy experiences a significant increase in consumer confidence, which of the following is most likely to occur in the short run?

When consumer confidence increases, people feel more secure about their jobs and finances, leading them to spend more money. This rise in spending boosts demand for goods and services, which can cause businesses to increase production to meet the higher demand. As a result, in the short run, the overall demand in the economy shifts to the right, leading to higher output and potentially higher prices. For example, if more people decide to buy new cars because they feel confident about their future, car manufacturers will ramp up production, which can create more jobs and increase sales. Ultimately, this cycle of increased spending and production can stimulate economic growth in the short term.