Which one of the following statements relating to the use of supply-side policy is correct?
1 )
Supply-side improvements in the economy can only be brought about by government policy.
Supply-side policies are intended to increase the long-run trend rate of economic growth.
3 )
Supply-side policies are designed to reduce the size of a negative output gap.
4 )
Supply-side policies ensure increased capacity utilisation in the economy.
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