View the following video on inflation: Tracking inflation: How fast are prices rising? (Links to an external site.)Links to an external site. (2011). [Video file, 8:42 minutes]. Retrieved from https://vlib.excelsior.edu/loginurl=http://fod.infobase.com/PortalPlaylists.aspx?wID=103647&;xtid=53392
This discussion will address the following Module Outcomes:
MO1: Determine the potential effects of inflation when evaluating an engineering project or system. (CO6)
Before participating in the discussions, review The School of Business and Technology Discussion GuidelinesPreview the document.
The equation of exchange, MV≡PQ, seems to readily explain inflation. Based on the readings and video, please respond to the following:
Why is inflation such a difficult problem in so many economies?
Do some research to find an industry or firm, either now or in the past, that was affected by inflation. In your initial post, write a brief synopsis of the situation and how they reacted to it.
As an engineer, you may find it interesting to compare what countries receive large business and manufacturing investments vs. those that do not. Note that there are also other considerations beyond inflation concerns.
Consult the Discussion Posting Guide for information about writing your discussion posts. It is recommended that you write your post in a document first. Check your work and correct any spelling or grammatical errors. When you are ready to make your initial post, click “Reply.” Then copy/paste the text into the message field, and click “Post Reply.”
To respond to a peer, click “Reply” beneath her or his post and continue as with an initial post.