Difference between revisions of "Inflation"
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'''Inflation''' refers to the change in the prices of [[:Category:Products|goods]] in eRepublik over time. Inflation can be thought of as a decrease in the value of the unit of currency and it is believed that high rates of inflation are caused by high rates of growth of the money supply. | '''Inflation''' refers to the change in the prices of [[:Category:Products|goods]] in eRepublik over time. Inflation can be thought of as a decrease in the value of the unit of currency and it is believed that high rates of inflation are caused by high rates of growth of the money supply. | ||
− | The inflation system in eRepublik, aids | + | The inflation system in eRepublik, aids Congress in deciding on the appropriate [[Taxes|tax]] rates in a country. |
Inflation system was introduced on [[History/11_July_2008|July 11, 2008]]. | Inflation system was introduced on [[History/11_July_2008|July 11, 2008]]. | ||
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{{Back|Economy}} | {{Back|Economy}} | ||
{{MenuEconomy}} | {{MenuEconomy}} | ||
+ | [[Category:Economy]] |
Latest revision as of 11:31, 13 July 2022
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This page has been saved as historical information. This information is out of date and should not be used for current game play. |
Inflation refers to the change in the prices of goods in eRepublik over time. Inflation can be thought of as a decrease in the value of the unit of currency and it is believed that high rates of inflation are caused by high rates of growth of the money supply.
The inflation system in eRepublik, aids Congress in deciding on the appropriate tax rates in a country.
Inflation system was introduced on July 11, 2008.
Economic Warfare
There have been numerous occasions in eRepublik history where economic sabotage was committed against countries in an attempt to cause either massive inflation or deflation. One example is the Polish PTO and subsequent currency sabotage attempt committed against Germany at the onset of World War III.