Answer :
The public interest view of central bank behavior suggests that the objective of a bureaucracy is to maximize the public's welfare.
What does the public's welfare mean?
Public's welfare refers to term which is used to denote the different tax-supported programs that provide the cash helps services to individuals and families.
Public welfare means all the assistance or aid that is provided to the or on behalf of an eligible person under the Public Assistance Act and regulations.
Basically, public welfare provides the cash assistance to the people who are deemed eligible on the basis of their income and assets.
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