An increase in population results in an increase in demand

An increase in an effective federal minimum wage would tend to cause ________

A) a decrease in wage rates and an increase in employment B) an increase in wage rates and employment C) a decrease in wage rates and employment D) an increase in wage rates and a decrease in employment

Which of the following statement is untrue?

A) assets equal liabilities plus net worth B) households and firms are lenders and borrowers in the flow of funds C) government regulation is the major cause of asymmetric information problems D) pension funds and insurance companies are financial intermediaries