Question

Which of the following are correct in regard to the austerity measures taken by a country going through adverse economy conditions: (1) These measures include a reduction in spending. (2) These measures include an increase in tax (3) These measures include reduction in budget deficit. Select the correct answer using the codes given below :

A 1 and 2 only
B 1 and 3 only
C 2 and 3 only
D 1, 2 and 3
E None of the above
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