A government seeking to improve the long-run productive capacity of its economy introduces the following three policy measures:
I. I.\,I. Deregulation of the energy sector to lower barriers to entry and stimulate competition. II. II.\,II. Direct government funding for state-of-the-art vocational training centres. III. III.\,III. A reduction in the real value of out-of-work welfare benefits to increase the opportunity cost of remaining unemployed.
Which of these measures are classified as market-based supply-side policies?
III and IIIIII only
III and IIIIIIIII only
IIIIII and IIIIIIIII only
III, IIIIII and IIIIIIIII
