1. Paul and Manny

2.  “the action taken by the government to address a particular public issue” (John’s Hopkins University)  Includes a wide variety of issues- for example, the economy (fiscal policy), education, health care, etc.

3.  The government is responsible for how issues are dealt with.  Local, state and national laws can limit (or define) how business should be conducted.  Other government organizations can also be responsible for deciding how the government should act about a certain issue- i.e., Federal Reserve and Fiscal Policy.

4.  In 2008, the Troubled Asset Relief Program (TARP) provided financial aid so as to save business during the recession.  American Recovery and Reinvestment Act of 2009 (the stimulus package) put money back into the economy to generate jobs and slow the recession.

5.  Without Public Policy, companies would have no inhibitions on acts which might hurt the general populace.  In addition, Public Policy allows the government to react in the case of an emergency, and determine the long term goals of the economy.