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Business, 16.06.2020 23:57 khristaviaaa
On April 1, the price of gas at Bob’s Corner Station was $4.95 per gallon. On May 1, the price was $5.45 per gallon. On June 1, it was back down to $4.95 per gallon. Between April 1 and May 1, Bob’s price increased by$0.50 , or by ___ %.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 $5.45 than when gas costs $4.95.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 2.75%. This change of percentage points means that the Fed raised its target by approximately.
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On April 1, the price of gas at Bob’s Corner Station was $4.95 per gallon. On May 1, the price was $...
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