a ). Recently , the Premier of Alberta announced that the government was considering increasing income tax rates on high income earners . According to some theories (egArthur Laffer ), when tax rates get too high , tax revenues decline. Briefly explain why this is so. B). Assuming the Alberta economy is in a budget deficit position, if real GDP Alberta begins to rise due to an increase in the sale of our exports to the growing market, what will be the effect on the budget deficit? Explain your response