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What Is the Theory of Bureaucratic Behavior and How Can

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Essay

What is the theory of bureaucratic behavior and how can it be used to explain the behavior of the Federal Reserve?


Definitions:

Top Managers

The president and other top executives of a business, such as the chief executive officer (CEO), chief financial officer (CFO), and chief operations officer (COO), who have overall responsibility for the organization.

Middle Managers

Those members of an organization responsible for the tactical planning that implements the general guidelines established by top management.

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