NEED HELP ASSAP 100 POINTS WILLL GIVE BRAINLIEST1Give me an example of how supply or demand affects price in the real world. 2Ho
w do banks affect the economy? Give an example. 3How does the government affect financial institutions (banks, credit unions, credit card companies)? 4How is the national budget like a personal budget? How is it different? 5Who would most approve of the U.S. economic system and why—Adam Smith, John Maynard Keynes, or Karl Marx? please answer in full small paragraphs. i dont want a whole essay please only like a sentence or two per question
When supply of a product goes up, the price of a product goes down and demand for the product can rise because it costs loss.
Answer to question 2:
Commercial banks play an important role in the financial system and the economy. ... They provide specialized financial services, which reduce the cost of obtaining information
Answer to question 3:
Government regulation affects the financial services industry in many ways, but the specific impact depends on the nature of the regulation. Increased regulation means a higher workload for people in financial services.
Answer to question 5:
Adam Smith because he was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment, also known as ''The Father of Economics''.
