A government wishes to increase the trend rate of economic growth by implementing market-based supply-side policies. Which of the following groups of policies is consistent with this objective?
Reducing the rate of corporation tax, reforming welfare benefits to increase the incentive to work, and deregulating product markets
Increasing government capital expenditure on transport infrastructure, expanding state funding for apprenticeships, and subsidising green technology
Reducing the main rate of value-added tax (VAT), increasing the personal income tax allowance, and lowering the central bank's policy interest rate
Introducing a maximum wage cap for public sector executives, increasing trade union bargaining powers, and raising the national minimum wage
