On December 7, 2010, Ireland passed a budget designed to help cut the governments budget deficit. A

Question:

On December 7, 2010, Ireland passed a budget designed to help cut the government’s budget deficit. A total of €6 billion in savings was expected to come from spending cuts.
a. Can Ireland use changes in the money supply to help with its budget crisis? Briefly explain.
b. Aside from spending cuts, does Ireland have any other alternatives to reduce its deficit?