2. Consider an income guarantee program with an income guarantess of $6000 and a benefit reductions rate of %50. A person can work up to 2000 hours per year $8 per hour. a. Draw the person's budget constraint with the income guarantee. (5 point) b. Suppose that the income gurantee rises to $9000 but with a 75% reduction rate. Draw the new budget constraint. (5 point) c. Which of these two income guarantee programs is more likely to discourage work? Explain. (5 point)