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Shoppers Stimulate Discount Stores Consumers sought the biggest bang for their economic stimulus bucks in June, sending the sales of discount merchants surging. As the
Shoppers Stimulate Discount Stores Consumers sought the biggest bang for their economic stimulus bucks in June, sending the sales of discount merchants surging. As the economy remains weak, shoppers are flocking to discounters for low-cost goods. Wal-Mart trounced analyst expectations with a 5.8 percent jump in June sales, attributing the increase to the government's economic stimulus payments. Another major retailer, Costco Wholesale, beat analyst expectations with a 9 percent increase in same-store sales for June. Target said that its same-store sales edged up 0.4 percent. CNN, July 10, 2008 What macroeconomic school of thought justifies the policy discussed in this news clip? Question content area bottom Part 1 The _______ macroeconomic school of thought justifies the policy discussed in this news clip. A. Keynesian B. monetarist C. classical D. new classical
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