On April 1, the price of gas at Bob's Corner Station was $3.40 per gallon. On May 1, the price was $3.90 per gallon. On June 1, it was back down to $3.40 per gallon. Between April 1 and May 1, Bob's price increased by , or Between May 1 and June 1, Bob's price decreased by or Suppose that at a gas station across the street, prices are always 20% higher than Bob's. In absolute dollar terms, the difference between Bob's prices and the prices across the street is when gas costs $3.90 than when gas costs $3.40. Some economists blame high commodity prices (including the price of gas) on interest rates being too low. Suppose the Fed raises the target for the federal funds rate from 2% to 2.5%. This change of percentage points means that the Fed raised its target by approximatelyOn April 1, the price of gas at Bob's Corner Station was $3.40 per gallon. On Mar,' 1, re price was $3.90 per gallon. On June 1, it was back down to $3.40 per gallon. Between April 1 and Mar,' 1, Bob's price increased by v , or v . Between f-'lay.r 1 and June 1, Bob's price decreased b , or V . axis 20% higher than Bob's. In absolute dollar terms, the difference between Bob's prices ts $3.90 than when gas costs $3.40. Suppose that at a gas staon across the street, pric- and the prices across the street is 7 who Some economists blame high commodity prices {including the price of gas) on interest rates being too low. Suppose the Fed raises the target for the federal funds rate from 2% to 2.5%. This change of V percentage points means that the Fed raised its target by approximate\":r v . On April 1, the price of gas at Bob's Comer Station was $3.40 per gallon. On May.r 1, lire price was $3.90 per gallon. On June 1, it was back down to $3.40 per gallon. Between April 1 and Max.' 1. Bob's price increased by V , or Y . 3?. 18% Between May.r 1 and June 1, Bob's price decreased by V , 0 12.82% .n Bob's. In absolute dollar terms, the difference between Bob's prices gas costs $3.40. Suppose that at a gas staon across the street, prices are always 20 . _ 14.?1% and the prices across the street Is V when gas costs $3.9I 112.82% Some economists blame high commodity prices {including the price r :- erest rates being too low. Suppose the Fed raises the target for the federal funds rate from 2% to 2.5%. This change of 7 percentage points means that the Fed raised its target by approximately:r v . On April 1, the price of gas at Bob's Corner Station was $3.40 per gallon. On May.I 1, re price was $3.90 per gallon. On June 1, it was back down to $3.40 per gallon. Between April 1 and Mar,r l, Bob's price increased by v , or v . Between l-'lar,r 1 and June 1, Bob's price decreased by V , or V . .ys 20% higher than Bob's. In absolute dollar terms, the difference between Bob's prices -. $3.90 than when gas costs $3.40. Suppose that at a gas station across the street, price- and the prices across the street is V whe price of gas) on interest rates being too low. Some economists blame high commodity prices (incl Suppose the Fed raises the target for the federal funds rate from 2% to 2.5%. This change of V percentage points means that the Fed raised its target by approximately:r v . On April 1, the price of gas at Bob's Corner Station was $3.40 per gallon. On May 1, the price was $3.90 per gallon. On June 1, it was back down to $3.40 per gallon. Between April 1 and May 1, Bob's price increased by , or Between May 1 and June 1, Bob's price decreased by ,or Suppose that at a gas station across the street, prices are always 209 87.18% n Bob's. In absolute dollar terms, the difference between Bob's prices and the prices across the street is when gas costs $3.90 112.82% gas costs $3.40. 14.71% Some economists blame high commodity prices (including the price of erest rates being too low. 12.82% Suppose the Fed raises the target for the federal funds rate from 2% to 2.59%. This change of percentage points means that the Fed raised its target by approximatelyDn Aplil 1, the price of gas at Bob's Corner Station was $3.40 per gallon. 0n May.r 1, die price was $3.90 per gallon. On June 1, it was back down to $3.40 per gallon. Between April 1 and May.' 1, Bob's price increased by V , or V . Between Mar,' 1 and June 1, Bob's price decreased by V , or V . Suppose that at a gas station across the street, prices are always 20% higher than Bob's. In absolute dollar terms. the difference between Bob's plices and the prices across the street is V when gas costs $3.90 than when gas costs $3.40. Some economists blame high com -.~ (including the price of gas] on interest rates being too low. Suppose the Fed raises the target . -era| funds rate from 2% to 2.5%. This change of V percentage points means that the Fed raised its target by approximate\":r V . Dn ipril 1, the price of gas at Bob's IComer Station was $3.40 per gallon. On Mar,' 1. the price was $3.90 per gallon. On June 1. it was back down to $3.40 per gallon. Between April 1 and May.r l, Bob's price increased by v , or v . Between Mar,' 1 and June 1, Bob's price decreased by V , or v . Suppose that at a gas station across the street, prices are always 20% higher than Bob's. In . and the prices across the street is 7 when gas costs $3.90 than when gas costs $ Some economists blame high commodity prices (including the price of gas) on interest rates - Suppose the Fed raises the target for the federal funds rate from 2% to 2.5%. This change of 7 percentage points means that the Fed raised its target by approximatelyr V . On April 1, the price of gas at Bob's Corner Station was $3.40 per gallon. On May 1, the price was $3.90 per gallon. On June 1, it was back down to $3.40 per gallon. Between April 1 and May 1, Bob's price increased by or Between May 1 and June 1, Bob's price decreased by , or Suppose that at a gas static 50% the street, prices are always 20% higher than Bob's. In absolute dollar terms, the difference between Bob's prices and the prices across the st when gas costs $3.90 than when gas costs $3.40. 20% Some economists blame hig 25% Jodity prices (including the price of gas) on interest rates being too low. 0.5% Suppose the Fed raises the r the federal funds rate from 2% to 2.5%. This change of percentage points means that the Fed raised its target by approximately