Question #48

The experience of Norway with its strong net exports contribution shows that

• running budget deficits are not sufficient to generate low levels of unemployment.
• running budget deficits will be sufficient to generate low levels of unemployment.
• countries should pursue export-led growth strategies to generate low levels of unemployment.

Answer #471

Answer: running budget deficits will be sufficient to generate low levels of unemployment.

Explanation

Please read Norway and sectoral balances or post a comment for further discussion.