Suppose that Jake, an economist from a research institute in Texas, and Latasha, an economist from a university in Massachusetts, are arguing over budget deficits. The following dialogue shows an excerpt from their debate: Latasha: Most people recognize that the budget deficit has been rising considerably over the last century. We need to find the best course of action to remedy this situation. Jake: I believe that a cut in income tax rates would boost economic growth and raise tax revenue enough to reduce budget deficits. Latasha: I actually feel that raising the top income tax rate would reduce the budget deficit more effectively. The disagreement between these economists is most likely due