Current Issue in Economics

        Present a policy position on a current macroeconomic issue: • Pick a policy topic that fits within the umbrella of macroeconomic theory; • Describe the topic and the policy question; • Provide statistical data that is relevant to a decision on the policy question; • Then, choose your position and defend it using the data, economic theory, and logic.  
reactions from readers as opposed to a contemporary novel like Wallflower. Stories about people (especially adolescents) discovering a part of themselves that they have never known, literary or mainstream, may have similar premises of childhood and adolescense, but they seem to omit differing emotions to readers because of literary elements that change how the reader thinks about the novel. In this way, the contemporary setting of the 21st century has changed the viewpoints of millennial audiences in reading fiction through historical changes, their presentations of conflict, and their language and grammar. First of all, the historical movements and events of our time have always affected the way we tell our stories and the internal and external struggles of the protagonists in those stories that correspond with the events. Stories have always been a response to the modern times. As the times, industries and modalities change, so do the stories. To Kill a Mockingbird takes place in the 1930’s, a period of economic turmoil in the Great Depression. In addition, the racial tension in the time period that affects the main conflict of the story in a black man’s rxxe trial, also a prominent presence throughout the story. Harper Lee’s rich, well-fleshed out characters are deeply influenced by the time period, so reading about an era several decades ago can give the reader an insight of what the time period was like, but can also make it very hard to connect with the external struggles of these characters living in a time that we cannot genuinely know what is like. The Perks of Being a Wallflower, Stephen Chbosky’s high school coming-of-age story, takes place in a more modern new era of cliques and teen social structures, and through this viewpoint, we see our protagonist Charlie’s discoveries about friendship that he makes throughout the story be very similar to our own. These characters can be more relatable for readers since the protagonists are teens living in a generation adjacent to ours, so their situations and stories can be elevated to a level of emotion that Mockingbird cannot, through its scenarios that are very reminiscent of the real world. In Wallflower, there is one primary factor of the historical context of the novel, however, that keeps it from having the wide-reaching connection between the author and the reader. Paper Towns, a novel by contemporary teen coming-of-age writer John Green, may have the most deep-rooted connection with the reader when reading it due to the story and characters taking place in our own generation – the era of technology. The use of technology in the novel as an incitement of conflict, causing endless chaos, is very reminiscent of our generation and its unique qualities, so I think this novel may just be the most exciting to read because of these undeniably relatable or even nostalgic settings and situations. This further proves my statement that the settings in coming-of-age stories have a powerful impact on the reader’s emotional investment in the story. The presentation of conflict in these novels also impact the reader’s reaction to the story and characters. In both literary and mainstream novels, conflict arises, but will be presented in a way that is more apparent and less nuanced in mainstream novels than it would be presented in strict literary fiction. In To Kill a Mockingbird, near the climax of the novel, Atticus Finch tells his family that “They shot him [Tom Robinson]. They say he just broke into a blind raving charge at the fence and started climbing over.” (Lee 268) In a novel about a child’s loss of innocence, this was one of the most powerful examples of injustice and inequality, but

Sample Solution

The policy position that I would like to present is on the issue of corporate tax rate. The policy question is whether or not a lower corporate tax rate will lead to greater economic growth and job creation. According to data from the U.S Department of Commerce, Corporate Profits After Tax (CPAT) increased by 3% in 2017 after President Trump reduced the corporate tax rate from 35% to 21%. This reduction was followed by an 8% increase in investment spending within corporations and more hiring taking place across industries. In addition, a survey conducted by JPMorgan Chase revealed that 63% of business owners were more likely to invest in their businesses due to the new law. Based on this data, my position is that lowering corporate taxes can be beneficial for economic growth and job creation since it encourages corporations to invest more money into their businesses which leads to increased output and employment opportunities for American workers. Furthermore, reducing the tax burden placed on corporations allows them to pay higher wages without drastically increasing prices which results in higher standards of living across all income levels - ultimately leading towards sustainable long-term economic growth ..