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2 points Save A Governments are said to implement austerity measures as demonstration and commitment to fiscal discipline to soothe creditors and credit rating agencies.

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2 points Save A Governments are said to implement austerity measures as demonstration and commitment to "fiscal discipline" to soothe creditors and credit rating agencies. The implementation of austerity is indicated by, but not limited to: O A. Government spending which is not increasing in real terms (that is, after inflation) O B. Cyclically adjusted deficit (government borrowing adjusted for cyclical variations) shrinks O C. Reassignment of funds away from investments in the public sector O D. All of the above O E. None of the above

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