In 1975 the Swiss National Bank announced a policy of targeting ________

If the percentage change in the quantity supplied of a good is less than the percentage change in price of the good, the good is said to have a(n):

A) inelastic supply. B) unit elastic supply. C) elastic supply. D) perfectly elastic supply.

Positive statements:

A) imply value judgments must be made. B) are factual and can be tested. C) deal with what ought to be. D) are dealt with primarily in microeconomics.