Determine whether each statement is absolutely true, absolutely false or uncertain and then carefully explain why your determination is correct, make sure you define the key terms and relationship you use in your explanation. Part 2: Macroeconomics 1. Inflation does not make a nation poorer, it redistributes income to those who can or do raise their prices and away from those who cannot or do not raise their prices. 2. An increase in the price of Canada's imported commodities, with the price of its exports remaining unchanged, indicates an increase in Canada's terms of trade and an increase in the gains from trade to Canada. 3. Income transfers that result in a less unequal distribution of income will result in an increase in aggregate consumption expenditure. 4. With specialization (based on comparative advantage) and trade, countries can produce at points outside their production possibility frontiers. 5. Per capita GDP provides an accurate index of a country's standard of living. 6. The existence of the net export effect reinforces the counter cyclical impact of fiscal policy stabilization initiatives