You are to considerallof the following statements. Determine whether each statement isabsolutely True,absolutely FalseorUncertain(i.e., 'it depends'). Thencarefullyexplainwhy your determination is correct, making sure to define the key terms and relationships you use in your explanation, using graphical analysis where appropriate.

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.