M7d1: do we know the inflation rate? is it bad?
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) The equation of exchange, MV≡PQ, seems to readily explain inflation. Based on the readings […]