FRQ Review! UNIT IV: PUBLIC POLICY 2002 Using your knowledge of United States politics, A. B. C. Describe the trend in distribution of government benefits for children and for the elderly from 1965 to present. Identify two politically relevant factors that have affected the changing distribution of government benefits between children and the elderly. Explain how each of the two factors identified in B has affected the changing distribution of governmental benefits. 2006 In recent decades, entitlement programs have constituted substantial portion of the United States federal budget. Social Security is the largest entitlement program in the United States. From your knowledge of United States politics, perform the following tasks. A. B. C. D. E. Define entitlement program What is the primary source of revenue for the Social Security program? Identify one threat to the future of the Social Security program should the trends we see today continue. Describe one demographic trend that threatens the future of the Social Security program AND explain how it is responsible for the threat you identified in C. Explain how any one of the trends would change if the age of eligibility for Social Security were raised. 2008 Fiscal policy and monetary policy are two tools used by the federal government to influence the United States economy. The executive and legislative branches share the responsibility of setting fiscal policy. The Federal Reserve Board has the primary role of setting monetary policy. A. B. C. D. E. Define fiscal policy. Describe one significant way the executive branch influences fiscal policy. Describe one significant way the legislative branch influences fiscal policy. Define monetary policy. Explain two reasons why the Federal Reserve Board is given independence in establishing monetary policy.