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Agreement and disagreement among economists Suppose thatGiberto, an economist from a research facility in Washington,...

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Economics

Agreement and disagreement among economists Suppose thatGiberto, an economist from a research facility in Washington, andJusnita, another economist from a graduate program in theNortheast, are both guests on a popular science podcast. The hostof the podcast is facilizating their debate over budget deficits.The following dialogue represents a portion of the transcript oftheir discussion: Juanita: Most people recognize that the budgetdefict has been rising considerably over the last century. We needto find the best course of action to remedy this situation.Gilberto: I believe that a cut in income tax rates would boosteconomic growth and raise tax revenue enough to reduce budgetdeficits. Juanlta: I actually feel that raising the top income taxrate would reduce the budget deficit more effectively. Thedisagreement between these economists is most likely due to

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