What is inflation? Increase in taxes on the wealthy Decrease in price due to surplus of goods Increase in price due to shortage of goods Decrease in spending on military equipment What is inflation? Increase in taxes on the wealthy Decrease in price due to surplus of goods Increase in price due to shortage of goods Decrease in spending on military equipment What is inflation? Increase in taxes on the wealthy Decrease in price due to surplus of goods Increase in price due to shortage of goods Decrease in spending on military equipment What is inflation? Increase in taxes on the wealthy Decrease in price due to surplus of goods Increase in price due to shortage of goods Decrease in spending on military equipment