462 CHAPTER 14|ECONOMIC AND SOCIAL POLICY
MAKING PUBLIC POLICY
E Trace the steps through which problems are addressed by government policies. Pages 427–34
SUMMARY
Once an issue is recognized and defi ned as a problem, and
when the conditions are right, the issue reaches the con-
gressional agenda. Once a policy is in place, its eff ectiveness
and implementation are evaluated in an ongoing process,
though very few programs are ultimately terminated.
KEY TERMS
public policy (p. 427)
policy agenda (p. 428)
fi scal policy (p. 430)
monetary policy (p. 430)
budget making (p. 430)
United States Trade Representative (USTR) (p. 431)
National Economic Council (NEC) (p. 431)
Federal Reserve System (p. 432)
Treasury Department (p. 432)
CRITICAL THINKING AND DISCUSSION
What diff erences may be expected in the shaping of social
policy with Barack Obama having been re-elected president
in 2012? Does it matter which party controls Congress?
PRACTICE QUIZ QUESTIONS
- What is the policy agenda?
a) the set of policies political leaders view as
priorities
b) the set of issues political leaders view as
priorities
c) the set of issues that issue groups view as
priorities
STUDYguide
d) the set of policies that issue groups view as
priorities
e) the set of policies that issue groups and political
leaders view as priorities- Relative to the private sector, public sector programs
are __ to evaluate
a) easier
b) equally easy
c) harder
d) equally as hard
e) not important - States infl uence policies on __, but not
___.
a) Social Security; education
b) education; Medicaid
c) Medicaid; education
d) Medicaid; Social Security
e) Medicare, Medicaid - The diff erence between fi scal policy and mon-
etary policy is that fi scal policy is concerned with
__, while monetary policy is concerned
with _____.
a) taxing and spending; controlling the money supply
and interest rates
b) controlling the money supply and interest rates;
taxing and spending
c) controlling the money supply and spending; taxing
and interest rates
d) taxing and controlling the money supply; spending
and interest rates
e) taxing and interest rates; spending and controlling
the money supply
PRACTICE ONLINE with WWNORTON.COM/STUDYSPACE
Diagnostic Quiz & Key Term Flashcards for This Chapter