What does an upward-sloping labor supply curve mean? 1 point An increase in wages causes a large income effect. An increase in the wage leads to an increase in the quantity of labor supplied. Workers choose to work less when wages are high. O A higher wage rate results in a higher income for all workers. Currency held by the public is included in 1 point M2 only neither M1 nor M2. M1 only. both M1 and M2. 1 point If there is inflation, real interest rates will be greater than nominal interest rates. * True False the opportunity cost of holding 1 point When interest rates are outside banks is high; cash; high high; stocks and bonds; low low; cash; high low; stocks and bonds; high If the required reserve ratio is 100%, the money multiplier is zero. 1 point True False 1 point Lacey buys a bond issued by XYZ Corporation. XYZ Corporation uses the funds from the sale of its bonds to build a new factory. Which of the following statements is correct? * Neither Lacey nor XYZ Corporation is investing. Both Lacey and XYZ Corporation are investing. XYZ Corporation is investing while Lacey is not. O Lacey is investing while XYZ Corporation is not