6) a) The prior administration increased tariffs on imported steel and aluminum. Do you expect these tariffs to: a) Decrease the trade deficit b) Increase the trade deficit c) Have no effect on the trade deficit d) Have an indeterminate effect on the trade deficit Explain why. b) In 2018, a new tax bill was passed which decreased a number of tax rates. For the purpose of this question, feel free to assume (as the CBO and other non-partisan analysts have done), that decreased US tax rates would imply decreases in revenues collected by the US government. Would you expect this tax bill to have: a) Decreased the trade deficit b) Increased the trade deficit c) Had no effect on the trade deficit d) Had an indeterminate effect on the trade deficit Explain why