How will a reduction in the national unemployment rate affect a nation's production possibilities frontier (PPF)? O It will cause the PPF to shift inward. O It will move society to a point inward, to a point farther away from the PPF. O It will move society outward, to a point closer to or on the PPF. O It will cause the PPF to shift outward. Inflation creates uncertainty because nominal values of prices and wages are unknown. O it rapidly increases output. O real interest rates, prices, and wages are unknown. O although price confusion problems are eliminated, the shoe-leather costs are exacerbated. You are offered two jobs, one in Richmond, Virginia, paying $67,000, and one in San Diego California, paying $79,000. The price index in Richmond is 104.5; in San Diego, it is 132.3. If real wages are the only consideration, then you would_. O definitely take the job in Richmond because the real wage is higher there. O be indifferent between the two jobs because the real wages would be about the same (within 2 percent). O definitely take the job in San Diego because the real wage is higher there. O Likely take the job in San Diego because better weather is directly correlated to real wages